Try BlazeTV for Free
News

Woohoo: Finally some good news about America's deficit?

The Office of Management and Budget (OMB) announced Monday that this year's deficit will shrink to a mere $759 billion!  Isn't that good news?!

Well, "good" is a relative term...

NRO's Jim Geraghty offers some context for this figure:

Looking at the inflation-adjusted numbers for our annual deficit, year by year . . . $500 billion used to be considered a really big annual deficit. We hit that in 2004; unadjusted for inflation, it came in at $413 billion. Back in 1991, the year’s deficit came in at $453 billion. So a half a trillion was the pre-Obama all-time high.

Now look at the Obama era:

2009: $1.5 trillion

2010: $1.36 trillion

2011: $1.32 trillion

2012: $1.1 trillion

In other words, Obama’s best year is 50 percent worse than it’s ever been before.

Uh, well  done...?

 

One last thing…
Watch TheBlaze live and on demand on any device, anywhere, anytime.
try premium
Exclusive video
All Videos
Watch BlazeTV on your favorite device, anytime, anywhere.
Try BlazeTV for Free
Sponsored content
Daily News Highlights

Get the news that matters most delivered directly to your inbox.