The chart above demonstrates the extent to which Americans generally have the wrong impression abut federal budget deficits.
Steve Benen EXPLAINS:
A 62% majority believe the deficit is getting bigger, 28% believe the deficit is staying roughly the same, and only 6% believe the deficit is shrinking.
In other words, in the midst of a major national debate over America’s finances, 90% of Americans are wrong about the one basic detail that probably matters most in the conversation, while only 6% — 6%! — are correct.
For the record, last year, over President Obama’s first four years, the deficit shrunk by about $300 billion. This year, the deficit is projected to be about $600 billion smaller than when the president took office. We are, in reality, currently seeing the fastest deficit reductions in several generations.
And yet, 90% of Americans don’t believe the demonstrable, incontrovertible, entirely objective truth.