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View Full Version : GUESS WHAT? The deficit is $300 BILLION smaller today than when Obama took office!!!!



Carol
10-16-2012, 03:20 AM
link (http://www.democraticunderground.com/10021547322)

Do they really believe that people will believe this? I suppose they do, but as usual it doesn't say what they telling people it says.


http://www.democraticunderground.com/10021547322


BigBearJohn (8,105 posts)

GUESS WHAT? The deficit is $300 BILLION smaller today than when Obama took office!!!!!READ THIS!!!!

The wrong issue for the wrong candidate

To add a little historical context to this, over the last four decades, only two presidents have reduced the deficit this much, this quickly: Bill Clinton and Barack Obama.

Despite this fact, the new Washington Post/ABC News poll shows President Obama leading Mitt Romney on every major policy area except one: deficit reduction . It's an advantage the Republican is eager to exploit.

First, Obama, whether the public realizes it or not, has a record he can brag about when it comes to deficit reduction -- very few president in American history can boast about having inherited a massive deficit, then cutting it by nearly a fourth in just one term.

Second, while Romney's correct to note that the existing budget shortfall is still quite large, it's worth appreciating the fact that the main drivers of the remaining deficit are Republican policies. Indeed, Romney's own running mate was largely responsible for creating the mess Obama is trying to clean up.

But perhaps most important is the detail that's gone largely forgotten: Romney doesn't have a deficit-reduction plan. It simply doesn't exist. If you go to the Romney/Ryan "issues" page , you'll see 29 links. One mentions "spending," but there are no references to "deficit" or "debt."

SOURCE: http://maddowblog.msnbc.com/_news/2012/10/15/14452120-the-wrong-issue-for-the-wrong-candidate?lite:
http://www.usgovernmentspending.com/fed_us_deficit_chart_10_G.html

The Democrates REFUSED to pass a budget until Obama was elected and in office so the 2009 budget is HIS. Democrats has the presidency, the house and the senate.

http://www.usgovernmentspending.com/fed_us_deficit_chart_10_G.html
http://en.wikipedia.org/wiki/2010_United_States_federal_budget
http://en.wikipedia.org/wiki/2009_United_States_federal_budget

The deficit in 2008 (with a Democrat House) was 458 billion.

The deficit in 2009 that the Democrats passed was $1.413 trillion
2010 $1.267 trillion
2011 $1.29 Trillion
2012 $1.08 Trillion

So now Democrats are trying to portray Obama as fiscally responsible and doing better than President Bush when OBAMA and his party increased the deficit from 2008 to 2009 by 1 TRILLION DOLLARS. Now that it is 400 billion below that 1.4 Trillion they are claiming that Obama has improved our deficit from where it was when he became president.

Sure he cut the "deficit" by 25% AFTER he increased it by 200%.

Unreal

NJCardFan
10-16-2012, 03:38 AM
Not to mention that the national debt increased by $6 trillion. It doesn't do that by the deficit being cut by $300 billion.

djones520
10-16-2012, 06:33 AM
And it's still twice as large as Bush's largest deficit! Good going guys!

SarasotaRepub
10-16-2012, 08:01 AM
Someone get TruthIsAll reinstated on DU so he can "confirm" these great numbers!!!! :biggrin-new: