In his State of the Union address and elsewhere, President Obama has been claiming that his administration has “cut” the deficit by about two-thirds.
"Since I took office, we’ve cut our deficits by about two-thirds." —President Obama: http://t.co/b6LqRnWIl3 pic.twitter.com/b2VOtIrGk9
— White House Archived (@ObamaWhiteHouse) February 1, 2015
As pointed out in this Washington Times editorial, all isn’t as they would have us believe:
The deficit has indeed declined, but from the $1.4 trillion peak achieved in Mr. Obama’s stimulus-fueled first year in office. He can hardly celebrate cutting in half what he first tripled.
.@WhiteHouse try showing GDP growth in/a comparative bar graph w/GDP and Deficit in actual dollars, then % deficit reduction, that's a story
— Bill Godwin (@billgodwin) February 1, 2015
Many informed citizens aren’t fooled by the deceptive rhetoric and understand how serious it is that the national debt now sits at well over $18 trillion.
@WhiteHouse The Obama administration has racked up more debt than the previous 43 presidents combined.Why have a debt ceiling at all?
— Maz'zaroth??????? (@Maz_zaroth) February 1, 2015
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https://twitter.com/sauls_steve/status/561949988520202241
.@WhiteHouse: "Since I took office, we’ve cut our deficits by about two-thirds." —President Obama. And how about the total debt?
— Glen J. Weiss,MD,MBA (@DrGlenWeiss) February 1, 2015
@WhiteHouse But the debt continues to grow ….. start reducing debt and I will get more excited !!!
— Charles Matlock (@Cdeter12) February 1, 2015
@WhiteHouse @USCBO says its about to expand massively over next 4 years. How do you reduce a deficit when you spend more than 43 other prez?
— Alex Balentine (@alextice23) February 1, 2015
That’s true. The Congressional Budget Office projects that deficits will significantly increase as Obama leaves office.
https://twitter.com/chunkielover63/status/561936060494540801
Exactly.
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