After Tripling Deficit in 2009 Obama On Track to Nearly Quadruple Bush Deficit in 2010

Although we didn’t see this reported in the state-run media… China View News reported today that the The U.S. federal budget deficit totaled 91.85 billion U.S. dollars in December. The deficit was slightly less than the 92 billion dollars that analysts had expected. But the red ink of the first three months of fiscal year 2010 beginning from October 2009 is 16.8 percent higher than the same period of the fiscal year 2009 when it hit a record 1.42 trillion dollars.

Considering these numbers it is likely that after tripling the US national deficit from the previous year in 2009, Barack Obama is on track to nearly quadruple the national deficit from 2008 when George W. Bush left office.

The Obama Disaster–

Here’s a look at the US federal budget deficit:

US Federal Budget Deficit
Year Deficit
1996 -107
1997 -22
1998 69
1999 125
2000 236
2001 128
2002 -157
2003 -377
2004 -412
2005 -318
2006 -248
2007 -160
2008 -454
2009 -1,415
2010 -1,652 (estimated)

Doug Ross has more numbers and predicts a budget deficit of $1.55 trillion this year.