Economy

‘Cutting the Deficit in Half’

Jed Lewison called attention to a tweet from the RNC demanding to know, “Whatever happened to cutting the deficit in half by end of first term?”

They’re not very good at math at the RNC. Here’s some help:

So as a percentage of GDP, the president actually did cut the deficit in half. Maybe not precisely at the end of his first term, but it’s damn closer than the RNC’s insinuation that it didn’t come close and most of the time they deliberately conflate the deficit and the debt to make it seem like the deficit has increased by $6 trillion when it actually, you know, hasn’t.