Quote:
Originally Posted by Pete F.
in Jan 2009, the govt Obama inherited was running $1-T budget deficit
GOP ripped him throughout his term for running up debt
when Obama handed off to Trump, deficit had been cut below $600-B, to 3.2% of GDP
Now deficits back to $1-T, 5.1% of GDP
Wonder how GDP rose and the deficit did also, could there possibly be a link?
Who’s business history resembles that?
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The Obama administration ran a deficit above $1 trillion for three years. And the dollar was worth more then. Maybe it was also a bit easier to keep the deficit from being even much higher by depleting our military's resources and not providing the infrastructure repairs that he promised.
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