Quote:
Originally Posted by blankall
Hmm... agree with you on a lot of this, but Obama has cut the deficit only from the astronomical levels he brought it to. It's still higher than when he started (although not on a per capita basis). He had an extremely tough economic time to take over, but I wouldn't credit him with any kind of deficit or debt reduction.
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I guess it depends who you assign 2009 to:
Obama Deficits
FY 2015*: $564 bln
FY 2014: $483 bln
FY 2013: $680 bln
FY 2012: $1,087 bln
FY 2011: $1,300 bln
FY 2010: $1,294 bln
Bush Deficits
FY 2009†: $1,413 bln
FY 2008: $458 bln
FY 2007: $161 bln
FY 2006: $248 bln
FY 2005: $318 bln
† Some people have emailed to insist that the FY 2009 deficit should be assigned to Obama. But conventional wisdom maintains that the deficit in the first year of a president’s first term belongs to his predecessor.
Unless you can provide a compelling argument otherwise, I'm inclined to go with the footnote here, as it seems reasonable to say Obama had no control over 2009.
http://www.usgovernmentspending.com/...cit_chart.html