Budget deficits have been getting bigger under Obama, right? No, they’ve been getting smaller!
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.