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The Big Puff: Obamas Shrinking Deficit
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“Congratulations, Mr. Obama, sequestration has been your most successful federal program!”That’s what some pundits are saying in response to the President’s report that our national deficit is less than half of what it was four years ago.On the surface, this certainly would be worthy of national applause for the sequester cuts in spending.However, not every journalist accepted the White House deficit report as truthful. Some went digging.One of those diggers is Fiscal Times reporter Tom Blumer.Mr. Blumer has been boring into the boring numbers of financial statements and reports for years. Here is what he found with the Obama Administration’s final Monthly Treasury Statement of fiscal 2013:They used phony numbers in the early years to make Obama’s numbers look good.In the world of politics, though, this isn’t considered “lying.”