Friday, July 17, 2009

Here's One Presidential Ranking Where Obama Comes Out On Top

Remember how lefties howled at the budget deficits in the Bush years?

For those who don’t understand it, the budget deficit is how much more the government spends IN ONE YEAR than it takes in. The national debt is how much is owed collectively.

The budget deficit in 2007 was $161 Billion. In 2008, the year the recession really began taking hold, the budget deficit was a record $455 Billion.

This year, Obama’s budget deficit has now topped the One Trillion Dollar mark, smashing all previous records in American history. Don’t forget, the year isn’t over yet.

The Congressional Budget Office predicts that under Obama’s plans, the nation will accrue almost $10 Trillion in deficits over the next decade.

Hey, how about that spending, spending and spending? Great for the country, ain’t it?

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