18 August 2013

Did You Know the Deficit Is Shrinking? Most Americans Don't, Thanks to Shameless Deficit Hawk Propaganda

By Lynn Stuart Parramore

Here are the facts: The U.S. budget deficit has been shrinking at a rapid rate over the last few months. The deficit peaked at 10.2 percent of GDP in 2009, but over the past four quarters, it has shrunk to a mere 4.2 percent of GDP. What’s more, the Congressional Budget Office predicts [4] that the deficit will fall to 2.1 percent of GDP in 2015.

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