Fact: The Federal Deficit is shrinking. And it’s projected to hit a 5 year low this year.
Citations: Bloomberg; American Back Spending-Cut Delay Amid Budget Deal Push.
Congressional Budget office: The Budget and Economic Outlook: Fiscal years 2013-2023.
But 90% of Americans believe that the deficit is either the same or increasing
You might ask, how could the public be so misinformed about this. You can thank the media, with FAUX News leading the way.
The deficit was $1.4 trillion on the day President Obama was first inaugurated. Today it’s $900 billion. Not great but going in the right direction. Why aren’t they CROWING that the deficit has been cut by $500 billion?