John: the US federal deficit will fall to about $900 billion in 2013, whoever is president (2012)

prediction · status: came true · last event: came true (2013-03-12) · owner: John

In October 2012 John forecast that the US federal deficit would fall further in 2013, to about $900 billion, no matter who was president.

About: government budget balance

date	event	what	video
2012-10-23	predicted	John forecasts the federal deficit will fall further in 2013, to about $900 billion, no matter who is president.	Understanding the National Debt and Budget Deficit 00:04:27
2013-03-12	came true	John says the annual budget deficit is shrinking pretty fast and is probably not a concern at the moment. (hedged)	Understand the Sequester (Spoiler: It's Bananas.) 00:01:53

What is said about it

5 statements, by date (the events above are the turns of the thread; these are the details).

2012-10-23 · Understanding the National Debt and Budget Deficit — John defines debt as the total of outstanding liabilities and the deficit (or surplus) as the difference between what the government spends and takes in. — 00:00:28
2012-10-23 · Understanding the National Debt and Budget Deficit — John says the federal deficit was about $1.3 trillion in 2011, about $1 trillion this year (2012), and will be about $900 billion in 2013 whoever is president. — 00:04:21
2012-10-23 · Understanding the National Debt and Budget Deficit — John says most people think the deficit needs to keep coming down, or the US risks spiraling higher interest rates. — 00:04:31
2012-10-23 · Understanding the National Debt and Budget Deficit — John says the better way to cut the deficit is to close the gap between revenue and spending, easy in expansions (as with 1990s surpluses) but much harder in slow recoveries like now. — 00:05:06
2013-03-12 · Understand the Sequester (Spoiler: It's Bananas.) — John says in the long term the US must cut benefits, raise revenues or both, or the deficit will spiral, debt will get more expensive "and Greece". — 00:02:10