Saturday, October 06, 2012

It's Official, Obama Reduced Bush's Deficit By $100 billion!
"The federal government’s fiscal year 2012 has come to a close, and CBO estimates that the federal budget deficit for the year was about $1.1 trillion, approximately $200 billion lower than the shortfall recorded in 2011. The 2012 deficit was equal to 7.0 percent of gross domestic product, CBO estimates, down from 8.7 percent in 2011, 9.0 percent in 2010, and 10.1 percent in 2009."
Not only is the budget deficit $100 billion less than George W. Bush's last deficit but it's $200 billion less than last year, which debunks another Romney lie from the debate where he said this year's deficit was larger than last year. Just imagine how well we would be doing if we didn't have the Republican-obstructionist Congress. Let's see;
Fight the real war on terror and kill bin Laden:CHECK
Get us out of the phony war on terror in Iraq:CHECK
Stop the run away job losses left by Bush:CHECK
Reduce Bush's deficit:CHECK