Do You Believe the U.S. Deficit Has Been Cut By More than Half Since 2009?

The markets continue rising despite what you hear about the economy and government gridlock.

Meanwhile, the monstrous budget deficit might actually be dropping at record rates too.

The White House released a chart showing it has cut the deficit in half.

 

Source: White House

 

Remember, the deficit refers to an annual number — how much outlays exceed revenues in a given year. The national debt refers to the total amount a nation has borrowed, over time, to finance these deficits.

What do you think it means, and how will it affect your trading plans?

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