To The Dally Sun,
The DEBT and the DEFICIT are two different animals. Republicans are waging a relentless campaign to convince millions of Americans that the deficit has increased. The truth is quite the opposite. In point of fact it has gone down in record numbers.
According to a recent Bloomberg Poll, millions "of Americans are totally clueless about the status of the deficit under President Obama."
The deficit is the difference between what the federal government spends and what it takes in by taxes and other revenue each year. Sadly, 73 percent of Americans actually believe that the deficit has grown under President Obama, although it has actually gone down more than a trillion dollars.
The GOP, FOX News and conservative talk radio have for the most part been very successful in convincing people that the debt and the deficit are the same and are therefore interchangeable even though this is a total falsehood.
The most outstanding fact of President Obama's legacy is the success he has had in spending enough to "rescue the economy, then trimming spending where necessary."
- Category: Letters
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