Quote:
Originally Posted by SirClintonPortis
FYI, the deficit and the debt are two distinct, separate concepts. The deficit refers the total amount spent minus the total amount taken in for a single fiscal year. The debt refers to the total amount of dough the government owes, from all previous years. The debt can be thought of as accumulated deficits.
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FYI, I'm fully aware of the difference between debt/deficit. Bragging about lowering the deficit $200B last year seems pretty shortsighted in light of the fact that he's raised the debt by over 5 TRILLION during his presidency. Regardless, to the point of this thread, I'm glad the markets are performing well.
This isn't directed at you, but a point I'd like to reiterate: My criticism of the Obama administration should not be wrongly interpreted as an endorsement of the right wing.
Basically at this point I'm a less abrasive version of NCSkins when it comes to American politics. I'm not really feeling either side.