ANOTHER OBAMA RECORD=> Barack Will Leave Next President with $600 Billion Deficit

Obama’s just like Reagan… Except when he isn’t.

obama reagan

The rate of real economic growth is the single greatest determinate of both America’s strength as a nation and the well-being of the American people.

Earlier this year the Commerce Department announced that the US economy expanded at the slowest pace in two years. GDP growth rose at an anemic 0.5{c18972fae7bad54fccba2a5109f73c6e4ffe73508739d7249e14c4c49d351322} rate after a paltry 1.4{c18972fae7bad54fccba2a5109f73c6e4ffe73508739d7249e14c4c49d351322} fourth quarter advance.

Ronald Reagan brought forth an annual real GDP growth of 3.5{c18972fae7bad54fccba2a5109f73c6e4ffe73508739d7249e14c4c49d351322}.
Barack Obama will be lucky to average a 1.55{c18972fae7bad54fccba2a5109f73c6e4ffe73508739d7249e14c4c49d351322} GDP growth rate.

Obama is the first US president in history to not record a single year with 3{c18972fae7bad54fccba2a5109f73c6e4ffe73508739d7249e14c4c49d351322} economic growth.

Now this…
Barack Obama will leave the next president with a $600 billion deficit – nearly $200 billion more than when he came into office.
us deficit
CRFB

When Obama came into office the deficit was slightly over $400 billion.

Reuters reported:

The U.S. budget deficit is projected to rise to $600 billion in 2016, $16 billion less than previously expected, the White House Office of Management and Budget said on Friday.

In a mid-session review, the administration said the 2016 deficit is now projected to be 3.3 percent of Gross Domestic Product (GDP).

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