Deficits under Obama have SHRUNK, not grown, as you state. Let's even take a conservative (small c) source, the business magazine Forbes, to set the facts straight. (The article is from a year ago.)
Bloomberg News is out with a new poll that reveals an amazing piece of data.
Here is the question that was asked in the survey-
“Let’s turn to the federal budget deficit. This is the amount the government spends that is more than the amount it takes in from taxes and other revenue. Is it your sense that this year the deficit is getting bigger or getting smaller, or is it staying about the same as last year?”
The results?
(a) Sixty-two percent of Americans believe the deficit is getting bigger this year,
(b) twenty-eight percent believe the deficit will remain about the same; and
(c) six percent believe the deficit will shrink
What is the right answer?
If you guessed (c) in the belief that the deficit has shrunk this year, you are one of the six percent who got the answer correct.
The facts?
Over the first four years of the Obama presidency, the deficit shrunk by a total of $300 billion dollars. That is not the national debt- it is the amount of money we spend each year relative to the amount we take in. And while this improving deficit picture is not what those who believe in a balanced budget would be looking for, it is a shrinking deficit just the same.
Find this difficult to believe?
According to the latest CBO report,
“Compared to the size of the economy,
the deficit in 2013 is much lower than in 2009, when Obama took office. The deficit will be 5.3 percent of gross domestic product this year, nearly half the 10.1 percent of GDP in 2009.”
http://www.forbes.com/sites/rickungar/2013/02/27/the-best-kept-secret-in-american-politics-federal-budget-deficits-are-actually-shrinking/And no, the economy is not worse under Obama than under Bush. Compare January 2009 with January 2015 by all measures. It was on the brink of another Great Depression then; it's far from that now.
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