Monday, June 2, 2014

The deficit Continues Go Down.

The deficit drops to the lowest since Obama took Office. Right wingers frequently toss out the erroneous statistic that President Obama is a big spending socialist who proceeds to roll out a deficit north of a trillion dollars during every year he has been in office. While conservative voters might believe Republican high-flown language, a new article explains that such a thing really isn't accurate.

"CBO Report: "Such large and growing federal debt could have serious negative consequences, including restraining economic growth in the long term, giving policymakers less flexibility to respond to unexpected challenges, and eventually increasing the risk of a fiscal crisis."

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