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Thursday, October 15, 2015

U.S. budget deficit hits fresh Obama-era low

U.S. budget deficit hits fresh Obama-era low 

 The U.S. budget deficit narrowed to $439 billion in fiscal 2015, the Treasury Department said Thursday. The deficit is the smallest of Barack Obama's presidency and the lowest since 2007 in both dollar terms and as a percentage of gross domestic product. The deficit fell to 2.5% of GDP. Revenues for the year were $3.2 trillion, an increase of 8% over the prior year. The government spent $3.7 trillion in fiscal 2015, up 5%. The government's budget year runs from September through October.

More lies...

http://www.cnsnews.com/news/article/terence-p-jeffrey/107-federal-debt-held-public-has-more-doubled-under-obama-5743165

Since Obama’s inauguration, the Treasury has increased the federal government’s debt held by the public by $6,739,201,661,284.21—or about $57,431.65 for each household in the United States.
When Obama took office on January 20, 2009, the total debt of the federal government was $10,626,877,048,913.08. But the Treasury divides this total debt into two main components: debt held by the public and intragovernmental debt.

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