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[abbyjoseph]

For the U.S. government’s fiscal year ended September 30, 2014, the government registered a budget deficit of $483 billion—the lowest budget deficit since 2007. In fiscal 2013, the budget deficit was $680 billion. In each of the previous four fiscal years, it was more than $1.0 trillion per annum. (Source: U.S. Department of the Treasury, October 15, 2014.)

On the surface, this is great news.

And logically, one would think, the lower the budget deficit, the slower the growth of the national debt. If the budget deficit comes in at $100 billion, for example, the government will have to borrow money to pay for its budget deficit gap and raise the national debt by $100 billion.

Read More: http://www.profitcon...budget-deficit/

[pdx5]

Oh yes, the annual deficit is now only $483 Billion. But the national debt grew by $1130 Billion in the same year! Oh yes unemployment dropped to 5.9%. But the number of adults of working age increased to 92 million? Oh yes, I just received 1.7% social security raise for 2015. But my food bills are going up at 10%? And my health premium went up 33% for 2014? (I am waiting with dread for the letter announcing my 2015 premiums) Oh yes, IRS lost hundreds of emails with crashed hard drives. But I am not allowed to lose a single receipt for 7 years? Why am I having trouble believing anything the government says anymore?

Edited by pdx5, 29 October 2014 - 12:02 PM.