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Politics : View from the Center and Left

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To: Pogeu Mahone who wrote (255204)7/7/2014 1:08:55 PM
From: Wharf Rat  Read Replies (1) of 542047
 
"The US defict went down?
Hmm ??"

"Hmm???" ????

It was 1.3T for Shrub's last budget, FY '01,
politifact.com

and it is currently running at

U.S. Deficit Cut by Almost One-Third to $492 Billion: CBO
bloomberg.com

That's down. Not terribly hard to understand. You do understand the debt can't go down until the deficit becomes a surplus, right?

One more tax increase, above $250 K, a few more 250K job months, and we can begin to pay down the debt. Then R's will say, "Taxes too high, cut them", and the debt will increase again.
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