ANOTHER OBAMA RECORD=> Barack Will Leave Next President with $600 Billion Deficit
Obama’s just like Reagan… Except when he isn’t.
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.
Ronald Reagan brought forth an annual real GDP growth of 3.5% .
Barack Obama will be lucky to average a 1.55% GDP growth rate.
Obama is the first US president in history to not record a single year with 3% economic growth.
Barack Obama will leave the next president with a $600 billion deficit – nearly $200 billion more than when he came into office.
When Obama came into office the deficit was slightly over $400 billion.
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).