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

Posted By admin On October 31, 2013 @ 5:36 am In Money Watch | Comments Disabled

Terence P. Jeffrey
CNS News [1]
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 [2] released Wednesday.

In fiscal 2012, the deficit was $1.089193 trillion; in fiscal 2011 [3], it was $1.296791 trillion; in fiscal 2010 [4], it was $1.294204 trillion; and, in fiscal 2009 [5], it was $1.415724 trillion.

In fiscal 2008 [6], the last full year that George W. Bush was president, the deficit was $454.798 billion.

Full article here [1]


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URLs in this post:

[1] CNS News: http://www.cnsnews.com/news/article/terence-p-jeffrey/obama-has-presided-over-5-6-largest-deficits-us-history

[2] Monthly Treasury Statement: http://www.fms.treas.gov/mts/mts0913.txt

[3]  fiscal 2011: http://www.fms.treas.gov/mts/mts0912.txt

[4] fiscal 2010: http://www.fms.treas.gov/mts/mts0911.txt

[5] fiscal 2009: http://www.fms.treas.gov/mts/mts0910.txt

[6] fiscal 2008: http://www.fms.treas.gov/mts/mts0909.txt

[7] Obama Submits Largest Budget in History, But Portrayed as Fiscal Conservative by Networks: http://www.prisonplanet.com/obama-submits-largest-budget-in-history-but-portrayed-as-fiscal-conservative-by-networks.html

[8] Geithner defends Obama as deficit again tops $1 trillion: http://www.prisonplanet.com/geithner-defends-obama-as-deficit-again-tops-1-trillion.html

[9] Congressional Budget Office reports trillion dollar deficits through 2017: http://www.prisonplanet.com/congressional-budget-office-reports-trillion-dollar-deficits-through-2017.html

[10] It’s Official: 2012 Deficit Was $1.087T; $1T+ All 4 Yrs of Obama’s 1st Term: http://www.prisonplanet.com/its-official-2012-deficit-was-1-087t-1t-all-4-yrs-of-obamas-1st-term.html

[11] US deficit hits $1.4 trillion, largest hike since WWII: http://www.prisonplanet.com/us-deficit-hits-1-4-trillion-largest-hike-since-wwii.html

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