U.S. Federal Deficit $680 Billion:Sequester !

[CyberKen]

This link will be a revealing moment to all who read the chart of past U.S. Federal Budget Deficits.

Considering the first four years of Obama, it appears we have successfully weathered the storm.

Thanks to the 2% Sequester AND the record income of $2.77 Trillion our U.S. Federal Budget Deficit is $680 Billion.

When you click on the link scroll down and look at the U.S. Federal Budget Deficits under President Ronald Reagan.

http://cnsnews.com/n...cits-us-history

The Sequester saved us!

It was just a 2% cut across the board.

Edited October 31, 2013 by CyberKen

[spartan max2]

im not complelty sure if what im about to say is 100 percent correct but. Wasn't the 2 percent cut not even a actual cut it just cut 2 percent of the increase in spending.

[CyberKen]

im not complelty sure if what im about to say is 100 percent correct but. Wasn't the 2 percent cut not even a actual cut it just cut 2 percent of the increase in spending.

No , it was a 2% cut across the board.

The Sequester is the Law of the Land. Obama signed it !

The 2% cut plus the record revenue of $2.77 Trillion did the trick.

[ian hacktorp]

It's too bad unfunded liabilites, which absolutely dwarf the reported deficit, are just as real as the deficit itself...

...unlike the unicorns and rainbows some claim to see.

[CyberKen]

It's too bad unfunded liabilites, which absolutely dwarf the reported deficit, are just as real as the deficit itself...

...unlike the unicorns and rainbows some claim to see.

First things first, lets get the deficit under control.

It's only $680 Billion 2013.

Lets get that down to $550 Billion for 2014.