Thanks Barack… Federal Deficit Highest Since 1940s
It’s an Obama World.
Barack Obama is the first US president in history to run four straight years of trillion dollar deficits.
No one has come close to that record.
(J. Hoft Chart)
Barack Obama is the worst jobs president since the Great Depression.
Barack Obama owns the largest four deficits in history.
Barack Obama added $5 trillion to the US debt in just over three years – another record.
The GDP is sliding each quarter – this last quarter the GDP slid to 1.5% .
Now this…
It’s so bad the national deficit is is higher than it has been since the 1940s.
US News reported:
The federal deficit is higher than it has been since the 1940s, in the years immediately after World War II.
A new visual from the “Face the Facts USA,” a non-partisan election project from George Washington University, shows the federal deficit has risen significantly under President Barack Obama, and that the government is increasingly spending money it doesn’t have.
In every second of 2011, for example, the government spent $114,253—even though it was only taking in $73,043 in revenue. According to Face the Facts, that means the federal government spent $41,210 every second that it didn’t actually have.
The deficit this year, however, looks as if it will be lower than it was the day President Obama assumed office.
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