To be fair, the starting point for Obama should be 30 September 2009.
This was the end of fiscal year 2009 which began on 1 October 2008 during the Bush Administration.
The CBO projected in January 2009 that the deficit for FY 2009 would be over $1.2 trillion, and they were correct.
So Obama really inherited it.
” To be fair, the starting point for Obama should be 30 September 2009.
This was the end of fiscal year 2009 which began on 1 October 2008 during the Bush Administration.
The CBO projected in January 2009 that the deficit for FY 2009 would be over $1.2 trillion, and they were correct.
So Obama really inherited it.”
Since Obama took office on Jan. 20, 2009, the debt has increased $5,349,641,980,231.06.
Since when does 5.4 trillion equal 1.2 trillion ?
I'm so sick of hearing that. So what if he did? Everything he's done since has made it gravely and intentionally worse.
That is extremely misleading. The FY2009 included a 1-time bailout to the tune of 700 billion, and if I’m not mistaken, some of the stimulus money as well.
What does it say about Obama that he has now brought the budget deficit, without any special expenditures, to well over a trillion, more than the prior 7 Bush years combined?