The Obama Balanced Budget


This travesty will not change until the American people realize they are flat brook (they have sold their soul to the Devil for a few dollars a good joint and birth control) and then it will be way to late.

Tony Heller's avatarReal Climate Science

In 2008 Obama complained about Bush increasing the debt by $3 trillion, and promised to restore fiscal discipline.

http://moveleft.org/obamas_promises/www-barackobama-com_issues_fiscal.pdf

Instead, he tripled the deficit and has accumulated three times as much debt in six years as Bush did in eight. Obama’s smallest deficit is larger than Bush’ largest.

ScreenHunter_8291 Apr. 04 10.05

But it is worse than it seems. Obama’s original claim was also a lie – according to the White House Budget Office, Bush increased the debt by $2 trillion, not $3 trillion. Obama has increased it by $6 trillion so far.

ScreenHunter_8293 Apr. 04 10.18

Table 1.1—Summary of Receipts, Outlays, and Surpluses or Deficits (-): 1789–2020

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