A Republican World – ‘Fox News poll: 83 percent think government spending is out of control’ – ‘Federal Budget Deficit Falls to Smallest Level Since 2008’
But if spenmding is ‘out of control’, then how can our deficit be the smallest since 2008?
WASHINGTON — ‘Closing the books on a fiscal year in which the federal budget deficit fell more sharply than in any year since the end of World War II, the Treasury Department reported on Thursday that the deficit for 2013 dropped to $680 billion, from about $1.1 trillion the previous year’.
‘In nominal terms, that is the smallest deficit since 2008, and signals the end of a five-year stretch beginning with the onset of the recession when the country’s fiscal gap came in at more than $1 trillion each year’.
From : http://www.nytimes.com/2014/02/28/business/economy/federal-deficit-falls-to-smallest-level-since-2008.html?pagewanted=all&_r=0