Did the Deficit double under Obama?

R

republicanchick

New member
I read somewhere that the Deficit has gone from something like 8 or 9 trillion under Bush43 to 18 trillion, which obviously is double or almost double.

OK, so I will get a citation:

http://www.forbes.com/sites/rickung...deral-budget-deficits-are-actually-shrinking/

I haven't read this whole article (don't have time right now) but I trust the source

In any case, I am sure in that somewhere in that article it will say EXACTLY how much the Debt has increased under... "the savior"



:yoshi:
 
zoo22

zoo22

Well-known member
republicanchick said:
I read somewhere that the Deficit has gone from something like 8 or 9 trillion under Bush43 to 18 trillion, which obviously is double or almost double.

OK, so I will get a citation:

http://www.forbes.com/sites/rickung...deral-budget-deficits-are-actually-shrinking/

I haven't read this whole article (don't have time right now) but I trust the source

In any case, I am sure in that somewhere in that article it will say EXACTLY how much the Debt has increased under... "the savior"



:yoshi:
Click to expand...

You're on a real roll. You ought to read the links you post.

Do you realize that the title of the link you posted to is:

"The Best Kept Secret In American Politics-Federal Budget Deficits Are Actually Shrinking!"

“Compared to the size of the economy, the deficit in 2013 is much lower than in 2009, when Obama took office. The deficit will be 5.3 percent of gross domestic product this year, nearly half the 10.1 percent of GDP in 2009.”

The improvement in the deficit as measured against GDP is the direct result of the deficit falling to $845 billion for fiscal year 2013—a $300 billion improvement over the previous year. And the positive trend is projected to continue though the next fiscal year where the the annual budgetary deficit will fall again to $430 billion.
Click to expand...
 
zoo22

zoo22

Well-known member
republicanchick said:
I read somewhere that the Deficit has gone from something like 8 or 9 trillion under Bush43 to 18 trillion, which obviously is double or almost double.

OK, so I will get a citation:

http://www.forbes.com/sites/rickung...deral-budget-deficits-are-actually-shrinking/

I haven't read this whole article (don't have time right now) but I trust the source

In any case, I am sure in that somewhere in that article it will say EXACTLY how much the Debt has increased under... "the savior"



:yoshi:
Click to expand...

Have you read the article yet?
 
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