CBO: Deficit to shrink to lowest level of Obama presidency
In a report released Monday, CBO says the deficit will be $468 billion for the budget year that ends in September. That's slightly less than last year's $483 billion deficit.
Of course, the Cult is still going to believe whatever is reported inside of their highly emotional and irrational bubble. Maybe a picture might help.
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(note: the above graphic does not include the revised and even lower figures just released by the CBO).
We also have this from the CBO...
Budget Office Lowers Its Estimate on Federal Spending for Health Care
With the latest revision, the budget office has now reduced its 10-year estimate for spending by Medicare, Medicaid and other health programs by $1.23 trillion starting in 2010, the year the health care law took effect. By 2039, the savings would amount to $250 billion a year today, or about 1.5 percent of the economy.
And the bubble continues to contract...:)
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