Liar In Chief Obama: “Deficit Cut In Half Since I Took Office”

October 1, 2013 at 3:18 pm

Remember this?

Dateline Feb. 2009: Obama vowed to cut the country’s budget deficit in half by the end of his first term.

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Nope, never happened.

Today he falsely claimed to have cut the deficit in half.

The money quote via RCP Video:

Although I should add, this shutdown isn’t about deficits or spending or budgets.

After all, our deficits are falling at the fastest pace in 50 years.

We’ve cut them in half since I took office. ”

~ Obama (October 1, 2013)

The Washington Free Beacon shines sun light on the ‘Obama cut the deficit in half’ lie:

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Budget figures provided by the White House show that the deficit nearly tripled from 2008 to 2009, when Obama took office, and has remained above $1 trillion since then, though 2013 projections are slightly lower.

The country has seen higher budget deficits during every year of Obama’s presidency than it did during any of his predecessor’s eight years in office.

The White House provides the following deficit numbers:

2005: $318 billion

2006: $248 billion

2007: $161 billion

2008: $459 billion

2009: $1.41 trillion

2010: $1.29 trillion

2011: $1.3 trillion

2012: $1.09 trillion

2013 (projected): $973 billion

http://www.whitehouse.gov/omb/budget/historicals

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