New York Firearms Forum banner

The Deficit is actually DECREASING during shutdown! Share this link!

1K views 18 replies 13 participants last post by  OCNYBob 
The deficit (labeled "US Federal Budget Deficit") is the 1-year difference between revenues and expenses. It is decreasing on the clock. The debt (labeled "US National Debt") is the cumulative total of all prior surpluses and deficits and costs of borrowing. It is still increasing on the clock.
Beat me to it. When a politician crows about how the deficit is going down, it just means that the budget for that particular year is slightly less over the actual income than previous years. But it's still over. The cumulative total of all the deficits is the debt.

The years we actually had a surplus we did not have enough of a surplus to even put a 1% dent in the total debt.
 
This is an older thread, you may not receive a response, and could be reviving an old thread. Please consider creating a new thread.
Top