Everybody Listen Up! The Deficit Is Actually Shrinking, Despite Beltway Propaganda
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Common sense might suggest that if a thug is holding a kid hostage and demanding money you don’t offer him half the money and say he can shoot half the kid. That is a “balanced” response to hostage-taking. But it is not the correct response.
Just repeal the sequester. And instead of cutting, how about repairing the country’s infrastructure, which means a lot of people get hired! And it means we have a modern, competitive infrastructure making our lives and businesses better.
Chart data sources:
GDP Source: http://www.bea.gov/national/index.htm#gdp
2013 forcast using low 2.5%: http://www.bloomberg.com/news/2012-09-13/fed-officials-upgrade-economic-growth-outlook-in-2013-2014.html
2013, 2014 deficit estimates: http://www.foxbusiness.com/government/2013/02/05/cbo-sees-fy-2013-budget-deficit-at-845b-smallest-since-08/?