Quote:
Originally Posted by Azure
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Nice try young fella. So the deficit will be lower than expected.
You do know what a deficit is right? It is when you spend more money than you take in. To finance a deficit, a country goes into debt.
So to suggest that this years US deficit will be lower than expected does nothing to prove your original premise.
Let's make this easier.
This is from Wikipedia.
Year to
U.S. Govt Debt
US$ billions
1990 3,233.3
2000 5,674.2
2005 7,932.7
The public debt briefly started to go down in 2000 when the country had a substantial budget surplus, but began growing again after budget deficits grew large beginning in 2002.
Want to try again?