What The GOP Doesn’t Want You To Know About The Deficit

Reblogged from The Fifth Column:

Click to visit the original post The Huffington Post

1.   The Deficit Has Grown Mostly Because Of The Recession

The deficit has ballooned not because of specific spending measures, but because of the recessionThe deficit more than doubled between 2008 and 2009, as the economy was in free fall, since laid-off workers paid less in taxes and needed more benefits. The deficit then shrank in 2010 and 2011.

Read more… 531 more words

I think this is important information.

2 thoughts on “What The GOP Doesn’t Want You To Know About The Deficit

  1. It is important indeed. Most Americans do not understand the difference between Deficit and Debt.

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