Skip to main content
No. of Recommendations: 96
The budget deficit and the national debt are two entirely different things.

The latter is the summation of the former. So they are hardly "entirely different things."

Also, I'm guessing from your remarks and cutesy name-calling that you are unaware of why the annual deficits (and, hence, the national debt) have grown so much during the Obama administration. If you think it is because of massive spending increases under Obama, you are mistaken. The stimulus package was a one-off thing, about one-third of it was tax cuts, and it is done.

The big (but declining) deficits are primarily because of massive declines in revenues as a result of (1) the financial crash and (2) Bush tax cuts, along with (3) two unfunded wars, a major unfunded Medicare program (Part D), and TARP -- all of which he inherited from, yes, Bush.

This is not my opinion. These are facts. If you read the CBO reports, you can verify this all for yourself. Or not.

Now can we get back to retirement investing?
Print the post  


The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.