Obama’s Deficit Vs. Bush Deficit
President Obama has not proposed any spending cuts, except to order his appointees at the Pentagon to study and recommend cuts in military funding that would not take place until next year. With the Obama Stimulus plan passed by the House last week, and the bank bailout, 2009 will be the largest deficit ever. The chart compares what the Obama campaign called the “soaring” deficits of the Bush years with the projected deficit this year. The comparisons are for the government’s fiscal years, from October 1 through September 30.
This post was promoted to the front page from the reader’s blog. To get your own reader’s blog, click here. Tags: Economy, Politics, Reader Submitted
