Debt still rises

Don’t be fooled: So-called shrinking deficit means nothing

By Dan Calabrese —— Bio and Archives--May 22, 2013

American Politics, News | Comments | Back To Full Article

The Washington political class is mired in a troika of scandals, but they are pretty excited at the moment about one thing. The federal budget deficit, which has exceeded $1 trillion every year of Barack Obama's presidency, is now said to be "rapidly declining" and is projected by the none-too-prescient Congressional Budget Office to end up this year at "only" $675 billion.

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