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The Federal Deficit Will Be Cut By 40% By The End Of This Fiscal year

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Wednesday, October, 17th, 2012, 3:03 pm

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When President Obama took office, the federal deficit was $1.413 trillion dollars. Three years later, at the end of fiscal year 2012, the deficit has been cut by 25% to 1.089 trillion dollars.

The CBO is projecting that the federal deficit will be 901 billion dollars by the end of this fiscal year. This also happens to be President Obama’s last fiscal year of his first term.

By doing the math, which we all know has a liberal bias as Clinton has proven time and time again, this would mean by the end of President Obama’s first fiscal year term, he would have cut the deficit by 36%, almost 40% lower than when he took office.

This is obviously not what the Republicans are saying. Once again, the GOP is using the ignorance of the populace to misinform and project their narrative onto the electorate.

President Obama is cutting the deficit like he promised he would do. He promised to cut the deficit by 50%, I would say that this is a promise mostly kept.

Imagine if the president was a Republican. The GOP would be praising him as the most fiscally responsible president in a generation. They would be naming airports after him and petitioning him to replace Eisenhower on the dime. Since he is a Democrat, all Republicans can do is try fit a square peg into a round hole, and blame Obama for their own bad behavior.

The Federal Deficit Will Be Cut By 40% By The End Of This Fiscal year was written by Ray for PoliticusUSA.
© PoliticusUSA, Wed, Oct 17th, 2012 — All Rights Reserved

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