Obama Reduced Bush's $1.4 Trillion Deficit by 75%

[circlethesquare]

The David Pakman Show

[SummerSnow]

1. Not good enough, not at all.

[forest444]

2. GOP voters, and the deficit, over time:

1980: Welfare queens cause deficits!
1985: It's Tip O'Neill's fault!
1990: It's all these people on welfare! We need a War on Drugs!
1995: The deficit isn't really going down; that's why they killed Vince Foster!
2000: Clinton should shut up about the surplus. It's not their money, it's our money!
2005: Deficits don't matter!
2010: Obummer's bankrupting us!
2015: -ditto-
2020: Clinton should shut up about the surplus. It's not their money, it's our money!

Here's to more of the same!

[markpkessinger]

3. To be fair, this is a bit misleading . . .

. . . the deficit is an annual measure of the shortfall between what the government spends and what it takes in. Thus, President Obama cannot reduce "Bush's deficit," which has already been added to the national debt. He can only reduce the size of his own deficit in a given year relative to that of any given year of the Bush administration. That's a good thing, so far as it goes, and certainly moving in the right direction, but we are, however, still running deficits, and hence still accumulating, not reducing, long-term debt.

[demwing]

4. FOX headline : "Obama leaves a $350 billion deficit for our children to clean up"

And that's the news from bullshit mountain

[forest444]

5. You're being too kind

I'm pretty sure the False Newsters will blame the entire $18 trillion enchilada on Obama.

Come to think of it, they already are.