Do you know what the DEFICIT really is?

Question

The biggest part of the deficit isn't even money we owe.
It's the DIFFERENCE between what the U.S. sells to other countries and what we buy from other countries.
That's why years ago they tried to scare hell out of us with this
4 trillion dollar deficit. Until we got wise, and suddenly we only owed 900 billion. When you get into the trillions, thats' a hell of a
difference my friend.
IT'S ALL SCARE TACTICS TO GAIN POLITICAL POWER!
Everbody in this country is in debt. And we make our monthly
payments and life goes on.

Anthony Silva

Answer 1

Do you know what you're even talking about, Anthony?

The deficit is not the difference between what we sell and what we buy. What you're talking about is called the TRADE deficit. And that figure, which is the rate at which our national wealth is being drained out of our pockets and into the pockets of foreigners, is almost $2.5 billion A DAY.

The deficit (also called the BUDGET deficit) is the difference between what the Government takes in, in taxes, and what the Government spends.

The President just said that the BUDGET deficit for the last fiscal year is $250 billion. However, this neglects all of the items that are "off budget" (paid for "under the table"). The truth is that we had to borrow an extra $620 billion, last year, because that's how much more we spent, than what we took in, in taxes. So, which is it? Is it $250 billion, or is it $620 billion? It's $620 billion, and it's an OUTRAGE that's made worse by the fact that the President is trying to cover it up!!!

Then, there's something called the DEBT, which is the total amount we owe. At this very moment, our DEBT is more than 8.5 TRILLION dollars. That's more than $26,000 for every man, woman, and infant child in the country!! And that DEBT is expected to grow, over the next 20 years, or so, to more than $65 TRILLION, because of the problems with Social Security and Medicare.

How are we going to make payments on a DEBT of $65 TRILLION? We are screwed!

Answer 2

The deficit is simply how we come up short for money.

The definition is; The amount by which a sum of money falls short of the required or expected amount; a shortage: large budget deficits.

Actually the deficit was almost near the level of being dissolved before Bush decided to spend 330 Billion dollars on an unnecessary war. At least I heard that was the amount, our current cabinet has spent, on the news the other day (3 times the amount expected that was originally thought). I would assume there was a deficit regarding the truth on what that amount really is.......it's probably much more. We are currently making up some of that deficit by paying high gas prices. We went into a recession after Desert Storm....I wonder what kind of deficit we will be in after this so called war and whether it may cause another recession or even a depression. It's not just a scare tactic it is for real!!!!

Answer 3

nope and the president doesn't either