Wednesday, October 07, 2009

Obama Administration Manages Bush's FY09 Record Deficit Tremendously Well
WASHINGTON – The federal budget deficit tripled to a record $1.4 trillion for the 2009 fiscal year that ended last week, congressional analysts said Wednesday.
Two weeks before Barack Obama took office the Congressional Budget Office (CBO) announced that George W. Bush's FY09 deficit would reach an astounding $1.2 trillion, almost triple his previous record.
CBO projects that the deficit this year will total
$1.2 trillion, or 8.3 percent of GDP. - 'The Budget and Economic Outlook: Fiscal Years 2009 to 2019 - Released by the CBO on January 7, 2009
That's right, the facts in black and white. All of the wingnuts, liars and revisionists cannot change the fact that Barack Obama didn't take office until January 20 and the CBO predicted a $1.2 trillion deficit two weeks before.

Save that link from the CBO and when some whiny-ass wingnut tries to tell you differently, rub it in their face.