10-25-2022, 04:49 PM
(10-25-2022, 12:33 PM)CarolinaBengalFanGuy Wrote: I’m no economist how does not passing stimulus bills lower the deficit? Wouldn’t that just mean we are spending less money than previous years? But how does that lower the deficit unless we are putting more money towards lowering it?
The deficit did not decrease, i.e. the government made more money than it spent, the amount we went into debt decreased, i.e. the government spent more than it made but at a lower rate than the previous year. We did not have the type of budget surplus that W. squandered buying votes in 2000. To put it in personal terms, let's say I make 100k a year and last year I went nuts and spent 200k, my net loss that year was 100k. Now this year I curb some of my spending and only spent 120k this year, I'm still in the red, just less so than the year before.