Quote:
Originally Posted by Robbie
I don't understand...if Obama is cutting spending...then why is the deficit now so much higher?
You know in Washington D.C. they call it "cutting" when they don't INCREASE spending as much over last year as they projected they would.
In other words if they only spent $300 BILLION more instead of a projection of $400 Billion more...they call that "cutting" $100 billion.
That kind of bullshit math only works for the Federal govt.
I don't suggest trying it with your business or personal finances.
It "works" for them because they TAKE the money from the people and then borrow the rest and deficit spend like drunken sailors.
Easy to do when you don't have to actually EARN the money.
Here's a story from CBS News (a pretty liberal news organization) from almost 2 years ago. Even then they are saying that Obama has increased the national debt more than Bush.
Some of you guys are trying to rewrite history...even as it is happening in front of our eyes:
http://www.cbsnews.com/news/national...an-under-bush/ |
You're confusing the deficit with the debt. And your example makes zero sense. Thats not what it means when they say the deficit has been cut.
There is a deficit every fiscal year. Cutting the deficit means the deficit this fiscal year is less then the deficit last year. The deficit for fiscal year 2013 (ending Sept 30th) was $680B. The deficit in fiscal year 2009 was $1.4 Trillion.
This $1.4T number is included in the numbers that the GOP like to talk about (as does your CBS News link) when discussing the debt increase under Obama. However the 2009 fiscal year technically started Oct 1st 2008 and was part of the budget proposed by Bush in June of 2008. It included all of the previous administration economic policies.