I got up, glanced at the TV and saw Obama saying he came into office with a 1.3 trillion deficit.
Is this even true?
He’s always saying it.
He always forgets to mention the part about how he’s made things much worse.
Don't get me wrong Bush wasn't near fiscally conservative enough, but the Dems (and Obama) controlled spending during that time, not Bush. I wish people would wake up to that fact and someone in the media would have the nuts to call him on the carpet on that. Fortunately for him, the MSM is just a subsidiary of Democrat Inc.
Nope - not even close to being true. Bush's final budget was rejected by the Democrat Congress. Instead they passed a continuing resolution which funded the government through March 2009. It was in February 2009 that Congress passed a new budget for 2009 which increased spending by 8%, and Obama signed it. Add to that the so-called 'stimulus' bill, the S-CHIP bill, and the second round of TARP spending, and you see a dramatic increase in spending that took place AFTER Obama took office.
The deficit for Bush's last year in office was somewhere between $400-500 billion. Obama quadrupled that in his first year. In fact, his first year had more deficit spending than any other President has had in an entire four-year term.
There was TARP, but we were going to get most of that back. And we HAVE been, which means that the “deficit” he inherited was really a loan which has helped his numbers look BETTER than they really are.