Author: PnuE <[email protected]>     Reply to Message
Date: 7/17/2017 6:26:07 PM
Subject: RE: Hollow you just showed huge ignorance

It's a little misleading to hold Obama (or any other president) accountable for the deficit incurred during his first year of office. That's because the previous administration already set the federal budget for that fiscal year.

Before Obama took office, President Bush's last budget (FY 2009) created a deficit of $1.16 trillion. That fiscal year began on October 1, 2008, and continued until September 30, 2009. That means most of that deficit occurred after Obama took office in January. It's not accurate to attribute it to him.


FY 2009 - Even though the budget had been approved, Congress added emergency funding to stop the Great Recession. It added the first year's worth of spending from Obama's Economic Stimulus Act to the FY 2009 budget. That $253 billion accrues to Obama.
FY 2010 - Obama's first budget created a $1.294 trillion deficit.
FY 2011 - This budget contributed $1.3 trillion to the debt.
FY 2012 - The deficit was $1.087 trillion.
FY 2013 - This was the first Obama budget where the deficit, $679 billion, was less than $1 trillion. Thank sequestration, which forced a 10 percent cut in spending.
FY 2014 - The deficit was $485 billion.
FY 2015 - The deficit fell further, to $438 billion.
FY 2016 - The deficit is expected to be $600 billion
FY 2017 - The deficit is projected to be $441 billion.
When the deficits from all these budgets are added together, President Obama increased the debt by $6.576 trillion.

I could post another that puts his personal deficit at less than 1 trillion. Numbers are fun things.
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