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Why do liberals think the deficit is falling ?
When the debt is growing faster and faster every year ... its mathematically impossible for both to occur.
I guess math is now a "right wing" concept ?
7 Answers
- Jeff SLv 78 years agoFavorite Answer
Because we aren't ignorant conservatives who believe every word Fox News tells us!
Bush left a $1.4 trillion deficit that did not include the costs of the wars in Iraq and Afghanistan!
The deficit is a yearly thing which adds to the debt! By saying it is falling means that the YEARLY deficit is falling more then the previous year!
- Lt Col USAFRLv 68 years ago
Because they understand the difference. Budget deficit and public debt are two different things. Deficit/surplus are revenue minus expenditures. Debt is debt. Say I owe $250,000 on my house, and my monthly payment is $1000. I earn $75,000/year, and I spend (including my monthly house payment) $60,000/year. I have a surplus of $15,000, AND as debt of close to $240,000 still. And I can still take on more debt. You may have learned math, but not finance.
Source(s): I have a brain and I use it - ?Lv 68 years ago
They aren't related, The deficit is our forecasted operating expenses. The debt is what Bush spent.
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- 8 years ago
Because we look at facts and real numbers instead of relying on made up nonsense from the right wing echo chamber and the Hate Obama First crowd on the right.
- Anonymous8 years ago
Because they are stoopid.
I know how to spell it dum bass.
KMA
- Anonymous8 years ago
As a percentage of GDP, it is shrinking.
