Tag Archives: Fiscal Policy

Today’s biggest deficit problem: A Clueless America

Paul Krugman wondered what a poll would look like asking people what has happened to the federal budget deficit over the past three years or so, while writing about Rand Paul either lying or being unforgivably ignorant about this issue.

He linked to a poll from 1996 showing the public wrongly “knowing” that the budget deficit had increased during the Clinton years when it had plummeted and then turned into a surplus.

Google jumped in and ran a survey which showed similar results: a plurality of Americans believe that the budget deficit has “increased a lot” since 2010, when in fact it has fallen from $1.3 trillion in late 2009 to an estimated $700 billion by the end of this year. Only 11.8% of Americans correctly know that the deficit is plummeting.

Read More →