Here’s the official report that put all their talking points about the President raising the deficit to rest. The report comes from Center for American Progress.
Since the start of fiscal year 2011, President Barack Obama has signed into law approximately $2.4 trillion of deficit reduction for the years 2013 through 2022. Nearly three-quarters of that deficit reduction is in the form of spending cuts, while the remaining one-quarter comes from revenue increases. As a result of that deficit reduction, the projected rise in debt levels from today through 2022 has decreased by nearly 10 full percentage points of gross domestic product. In fact, under today’s policies, debt levels in 2022—as a share of GDP—will be only slightly higher than they are expected to be by the end of next year. That doesn’t mean there is no more work to be done, but it does show we’ve come a long way already.
One reply on “New Report – President Obama Has Reduced The Deficit”
Why does Obama's Administration not publicize these things often and in a way that the average folks who voted for him can comprehend. Same argument for ObamaCare. How many of us are really clear on what these historic policies really mean to us personally? Hire people who'll do just that, go across the country giving townhall meetings, explaining policies in layman terms. While you're at it, they can explain the 1040 long tax form too!