2016 Postmortem

babylonsister

(171,066 posts) Thu Oct 18, 2012, 03:36 PM Oct 2012

The Federal Deficit Will Be Cut By 40% By The End Of This Fiscal year

http://www.politicususa.com/federal-deficit-cut-40-fiscal-year.html

The Federal Deficit Will Be Cut By 40% By The End Of This Fiscal year

By: Ray Medeiros
October 17th, 2012

When President Obama took office, the federal deficit was $1.413 trillion dollars. Three years later, at the end of fiscal year 2012, the deficit has been cut by 25% to 1.089 trillion dollars.

The CBO is projecting that the federal deficit will be 901 billion dollars by the end of this fiscal year. This also happens to be President Obama’s last fiscal year of his first term.

By doing the math, which we all know has a liberal bias as Clinton has proven time and time again, this would mean by the end of President Obama’s first fiscal year term, he would have cut the deficit by 36%, almost 40% lower than when he took office.

This is obviously not what the Republicans are saying. Once again, the GOP is using the ignorance of the populace to misinform and project their narrative onto the electorate.

President Obama is cutting the deficit like he promised he would do. He promised to cut the deficit by 50%, I would say that this is a promise mostly kept.

Imagine if the president was a Republican. The GOP would be praising him as the most fiscally responsible president in a generation. They would be naming airports after him and petitioning him to replace Eisenhower on the dime. Since he is a Democrat, all Republicans can do is try fit a square peg into a round hole, and blame Obama for their own bad behavior.

14 replies

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Highlight:

The Federal Deficit Will Be Cut By 40% By The End Of This Fiscal year (Original Post) babylonsister Oct 2012 OP

The one thing that bothered me in the debate BainsBane Oct 2012 #1

one more rtracey Oct 2012 #5

The last one is on foreign policy BainsBane Oct 2012 #8

This is why he HAS to win woolldog Oct 2012 #2

Exactly Guavajam Oct 2012 #10

Yeah, plus woolldog Oct 2012 #14

This info will be lost on half the population... whttevrr Oct 2012 #3

Why won't Obama tout his accomplishments more? JRLeft Oct 2012 #4

Yes, he has! DPalmCoast519 Oct 2012 #11

Yes he did, DPalmCoast519, and babylonsister Oct 2012 #13

At this point in 1984 and 2004, the Rethug Presidents Dawson Leery Oct 2012 #6

They always say "your 4 trillion dollar deficit" they add the years together. democrat_patriot Oct 2012 #7

I tweeted the article LiberalFighter Oct 2012 #9

gotta be careful with definitions here central scrutinizer Oct 2012 #12

BainsBane

(53,032 posts)

1. The one thing that bothered me in the debate

Reply to babylonsister (Original post)

Thu Oct 18, 2012, 03:37 PM

Oct 2012

Was the President letting Romney's deficit lie slide.

rtracey

(2,062 posts)

5. one more

Reply to BainsBane (Reply #1)

Thu Oct 18, 2012, 03:50 PM

Oct 2012

We still have one more debate, and i believe right now the Obama team is working on everything not mentioned in this last debate....

BainsBane

(53,032 posts)

8. The last one is on foreign policy

Reply to rtracey (Reply #5)

Thu Oct 18, 2012, 03:54 PM

Oct 2012

Though they can work it in when talking about the expense of wars. I hope they do.

Mitt has got to be very busy preparing to try to sound intelligible on foreign policy. That's a disaster area for him.

woolldog

(8,791 posts)

2. This is why he HAS to win

Reply to babylonsister (Original post)

Thu Oct 18, 2012, 03:38 PM

Oct 2012

I can;t STAND the thought of Romney getting credit for that and the economic recovery that's on the way

Guavajam

(5 posts)

10. Exactly

Reply to woolldog (Reply #2)

Thu Oct 18, 2012, 04:10 PM

Oct 2012

This is what gets me too. If that creature Romney gets in he will act as though things turned around under him! A sickening thought!!

woolldog

(8,791 posts)

14. Yeah, plus

Reply to Guavajam (Reply #10)

Thu Oct 18, 2012, 06:47 PM

Oct 2012

it validates the Congressional Republicans strategy of filibustering and obstuctionism. ugh, what a horrible precedent to set.

whttevrr

(2,345 posts)

3. This info will be lost on half the population...

Reply to babylonsister (Original post)

Thu Oct 18, 2012, 03:45 PM

Oct 2012

JRLeft

(7,010 posts)

4. Why won't Obama tout his accomplishments more?

Reply to babylonsister (Original post)

Thu Oct 18, 2012, 03:46 PM

Oct 2012

He has done a great job.

DPalmCoast519

(19 posts)

11. Yes, he has!

Reply to JRLeft (Reply #4)

Thu Oct 18, 2012, 04:15 PM

Oct 2012

He did a fantastic job on Tuesday night. Just wait until Monday! And, he did it with grace, with respect, with humility, with professionalism, with strength and all that the United States stands for. One could not be prouder of one's President.

babylonsister

(171,066 posts)

13. Yes he did, DPalmCoast519, and

Reply to DPalmCoast519 (Reply #11)

Thu Oct 18, 2012, 05:43 PM

Oct 2012

welcome to DU!

Dawson Leery

(19,348 posts)

6. At this point in 1984 and 2004, the Rethug Presidents

Reply to babylonsister (Original post)

Thu Oct 18, 2012, 03:51 PM

Oct 2012

were "upping" up the deficit spending. Obama is cutting it.

democrat_patriot

(2,774 posts)

7. They always say "your 4 trillion dollar deficit" they add the years together.

Reply to babylonsister (Original post)

Thu Oct 18, 2012, 03:53 PM

Oct 2012

Can't he say "That's not true Governor".

LiberalFighter

(50,942 posts)

9. I tweeted the article

Reply to babylonsister (Original post)

Thu Oct 18, 2012, 03:56 PM

Oct 2012

Make sure your followers see this

central scrutinizer

(11,650 posts)

12. gotta be careful with definitions here

Reply to babylonsister (Original post)

Thu Oct 18, 2012, 05:30 PM

Oct 2012

When many people hear "cut the deficit by 50%" they may think the accumulated federal debt, not the additional deficit added in a year. If the deficit for the current fiscal year is 40% lower than it was four years ago, then indeed he has lowered the annual deficit, but the accumulated deficit continues to grow, albeit at a slower rate. (for you calculus lovers, the first derivative is still positive, but the second derivative is negative). Depending upon how the word "deficit" is interpreted, this can be spun and twisted.

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