Obama Will Nearly Quadruple Deficit This Year
USA Today published an interactive chart on the the Obama Administration’s significant increase in spending this year.
In President Bush’s last year in office, 2008, the deficit reached $459 billion:
In President Obama’s first year in office the deficit is expected to reach $1.75 trillion and that is if everything goes according to the rosy scenario they are hoping for:
That is nearly 4 times as much as during President Bush’s last year in office.
It’s a good thing Team Obama believes a super large deficit is not only natural but beneficial because they sure got one.