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Obama Has Presided Over 5 of 6 Largest Deficits in U.S. History

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Terence P. Jeffrey
CNS News
October 31, 2013

President Barack Obama has now presided over five of the six largest annual budget deficits the U.S. government has ever run, according to data released yesterday by the U.S. Treasury.

In fiscal 2013, which ended Sept. 30, the deficit was $680.276 billion, according to the Monthly Treasury Statement released Wednesday.

In fiscal 2012, the deficit was $1.089193 trillion; in fiscal 2011, it was $1.296791 trillion; in fiscal 2010, it was $1.294204 trillion; and, in fiscal 2009, it was $1.415724 trillion.

In fiscal 2008, the last full year that George W. Bush was president, the deficit was $454.798 billion.

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This article was posted: Thursday, October 31, 2013 at 5:36 am





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