Andrew has left a new comment on your post “Did you know the US deficit is shrinking fast? Ne…“:
hi tap for some reason the pics in the post above this will not show and the comments seem to be disabled on my end
TAP – lots of interference on the blog currently. The Queen and Pope story has upset them a bit.
Everybody Listen Up! The Deficit Is Actually Shrinking, Despite Beltway Propaganda
The very slow growth in Medicare spending in fiscal year 2012 follows slow growth in 2010 and 2011. In 2010, spending grew at only 1.8 percent per beneficiary, and in 2011 at 3.6 percent. Over the three year period from 2010-2012, Medicare spending per beneficiary grew an average of 1.9 percent annually, or more than 1 percentage point more slowly than the average annual growth of 3.2 percent in per capita GDP.
It’s an indisputable fact: The budget deficit is getting smaller.… But when Bloomberg News commissioned a survey asking Americans whether they believed the budget deficit was growing or shrinking, just six percent answered the question correctly. Ninety-four percent had no clue. And 62 percent actually thought it was getting bigger.
A 62 percent majority believe the deficit is getting bigger, 28 percent believe the deficit is staying roughly the same, and only 6 percent believe the deficit is shrinking.