Comment: Thats DemoSpeak.

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Thats DemoSpeak.

The DEBT isn't coming down. Its going up by roughly $1.5 trillion per year.

But the DEFICIT (thats the money we have to borrow in a given year)has gone down very incrementally from $1.6 trillion to $1.5 trillion, as more taxes are collected and fewer bailouts happen.

$1.5 trillion is still the 3rd or 4th highest deficit ever by far - but it is slightly less than last year - it will go up again. You ADD deficits to the debt.

But the DEBT is going nowhere but up.