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Originally Posted by AustinChief
No he hasn't. that is a lie.
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Alright. Let's see the Big Bad Direckshun Lie.
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Originally Posted by AustinChief
Here are the FACTS...
The deficit is fluid and goes up and down over the course of the year. The 2008 deficit was $460 billion. The deficit at the MOMENT Obama took office was projected as $1.1 trillion. He then proceeded to add over $300 billion to that amount. He then reduced that by $100-$200 billion each year.
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I'm trying to see where this disagrees with anything I've said. Where's the lie?
Obama inherited a $1.3 trillion deficit, that, with stimulus policies, shot up to $1.5 trillion. (You say $1.1T and $1.4T respectively, but whatever. We're not far from each other).
He has managed to reduce it under $900 billion this year -- a speed of deficit reduction that has not been equaled in our or our parents' lifetimes.
Quote:
Originally Posted by AustinChief
The DEFICIT is not the debt... it can be eliminated INSTANTLY. You don't have to "work down" the deficit.
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Uh, yeah sure. You can eliminate it instantly if you instantly slash a trillion dollars from the federal budget, which is what mlyonsd clearly prefers.
Want to guess what that'd do to the economy?