10/4/12

Mitt Romney Debate Lie Refuted - Obama Reduced The Deficit


A Closer Look at What the Presidential Candidates Said in the Debate - NYTimes.com: "Mr. Romney said Mr. Obama had doubled the deficit. That is not true. When Mr. Obama took office in January 2009, the Congressional Budget Office had already projected that the deficit for fiscal year 2009, which ended Sept. 30 of that year, would be $1.2 trillion. (It ended up as $1.4 trillion.) For fiscal year 2012, which ended last week, the deficit is expected to be $1.1 trillion — just under the level in the year he was inaugurated. Measured as a share of the economy, as economists prefer, the deficit has declined more significantly — from 10.1 percent of the economy’s total output in 2009 to 7.3 percent for 2012."

'via Blog this'

Ho hum. How many lies before we have some sanity prevail?

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