Obama Brought Deficit to 3x Bush’s In 2009. Expected To Be 4x By 2010.
Somehow, I am sure this is still all Bush’s fault.
Although we didn’t see this reported in the state-run media… China View News reported today that the The U.S. federal budget deficit totaled 91.85 billion U.S. dollars in December. The deficit was slightly less than the 92 billion dollars that analysts had expected. But the red ink of the first three months of fiscal year 2010 beginning from October 2009 is 16.8 percent higher than the same period of the fiscal year 2009 when it hit a record 1.42 trillion dollars.
Considering these numbers it is likely that after tripling the US national deficit from the previous year in 2009, Barack Obama is on track to nearly quadruple the national deficit from 2008 when George W. Bush left office.