Deficit Is Falling Dramatically But Only 6% Know That
Bar chart of deficit as % gdp since 2009 budget
Deficits not out of control, coming down
Compare to WWII
Already stable over next decade
Medicare costs already coming down – 500 bill figure
Decade to fix long-term debt situation, which is the only problem we have
So just repeal the sequester
Here is something you didn’t know: the deficit is falling at the fastest rate since the end of WWII. It is down 50% as a percent of GDP just since 2009. The deficit is already projected to be stable for a decade.
Here is a chart of the deficit as a percent of GDP:
(Sources:
Once again, because it might be hard to register, but this is a fact: Here is something you didn’t know: the deficit is falling at the fastest rate since the end of WWII. It is down 50% as a percent of GDP just since 2009. The deficit is already projected to be stable for a decade.
Propaganda And Its Policy Consequences
“Blowback” is a term that means propaganda you use against a target comes back and hurts you. Anti-government propaganda has convinced the public that “government takes money out of the economy” and “government is in the way of business.” Other propaganda has convinced people we have a deficit emergency. This propaganda came from billionaires and the corporations that mask them. They wanted to cut their taxes and get government rules out of their way. But now they’re killing the economy that laid their golden egg.
Here is something else you didn’t know: Medicare costs are already coming down – 500 bill figure
So we don’t have a “deficit emergency” or a “fiscal crisis” or an “out-of-control” deficit after all.
But we still have the “sequester” budget cuts starting Friday, and the consequences to our economy are really bad.
Jed Lewison at Daily Kos, 94 percent of Americans don’t know the budget deficit is getting smaller, points us to Steve Benen at the Maddow Blog, A well-kept fiscal secret,
A 62% majority believe the deficit is getting bigger, 28% believe the deficit is staying roughly the same, and only 6% believe the deficit is shrinking.
Here it is, louder: Only 6% believe the deficit is shrinking!
What does this say about our country’s information channels, when only 6% of the public knows that the deficit is shrinking?
Shrinking? Here is Steve again, A conversation-ending chart,
Now, I think it’s probably safe to say deficit hawks are no longer capable of embarrassment, so the chart’s impact is likely limited. That said, there’s a policy point to keep in mind: “Here’s a pretty important fact that virtually everyone in Washington seems oblivious to: The federal deficit has never fallen as fast as it’s falling now without a coincident recession.”
Got that? Every time the nation has reduced the deficit this much, this quickly, economic growth suffers to the point that the economy actually shrinks.
–
Follow me and CAF on Twitter:
2013-02-25 16:49:32
Source:
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world. Anyone can join. Anyone can contribute. Anyone can become informed about their world. "United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
LION'S MANE PRODUCT
Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules
Mushrooms are having a moment. One fabulous fungus in particular, lion’s mane, may help improve memory, depression and anxiety symptoms. They are also an excellent source of nutrients that show promise as a therapy for dementia, and other neurodegenerative diseases. If you’re living with anxiety or depression, you may be curious about all the therapy options out there — including the natural ones.Our Lion’s Mane WHOLE MIND Nootropic Blend has been formulated to utilize the potency of Lion’s mane but also include the benefits of four other Highly Beneficial Mushrooms. Synergistically, they work together to Build your health through improving cognitive function and immunity regardless of your age. Our Nootropic not only improves your Cognitive Function and Activates your Immune System, but it benefits growth of Essential Gut Flora, further enhancing your Vitality.
Our Formula includes: Lion’s Mane Mushrooms which Increase Brain Power through nerve growth, lessen anxiety, reduce depression, and improve concentration. Its an excellent adaptogen, promotes sleep and improves immunity. Shiitake Mushrooms which Fight cancer cells and infectious disease, boost the immune system, promotes brain function, and serves as a source of B vitamins. Maitake Mushrooms which regulate blood sugar levels of diabetics, reduce hypertension and boosts the immune system. Reishi Mushrooms which Fight inflammation, liver disease, fatigue, tumor growth and cancer. They Improve skin disorders and soothes digestive problems, stomach ulcers and leaky gut syndrome. Chaga Mushrooms which have anti-aging effects, boost immune function, improve stamina and athletic performance, even act as a natural aphrodisiac, fighting diabetes and improving liver function. Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules Today. Be 100% Satisfied or Receive a Full Money Back Guarantee. Order Yours Today by Following This Link.
