Budget Deficit Blues


Via Paul Krugman’s blog for the New York Times comes the stunning fact that less than 17 percent of respondents to a Google consumer survey believe that the Federal budget deficit has dropped since January 2010 whereas 55 percent believe that the deficit has risen with a full 47 percent believing it has risen a lot. These are preliminary results to the survey, but still indictative of the lack of accurate information in the media involving the budget and government spending. Even with all the hand-wringing over the Sequester and how it may have brought the deficit down too fast (and hurt job creation in the process) seems to have gotten lost in all the panic about becoming the next Greece and the (potential) debt ceiling showdowns.

I have nothing to add to this rather aggravating revelation. Except a sad face. 😦

What People (Don’t) Know About the Deficit


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