Both Presidents Bush and Obama suffered from higher mandatory spending than their predecessors did. Social Security and Medicare benefits were eating up more of the budget. Health care costs were rising as the American population aged.
Budget deficit smashes $1 trillion mark
- Thread starter Tony Stark
- Start date
Obama - Inherited worst deficit in history.
Fact.
Not surprised a dumb ass Trump supporter doesn't understand that when you inherit a 1.2 trillion dollar a year deficit it doesn't reset to zero when you take office.
Obama did what a good president does,he brought it down.Trump increased his inherited deficit by 400 billion a year and the worst has yet to come.
Maybe you forgot about that whole worst economy since the great depression thing and low tax revenue because of Bush's tax cuts,or being a dumb fuck Trump supporter you just never knew.
Obama ended some of Bushs tax cuts and fixed his econmony and tax revenues were 1.2 trillion a year higher when he left office
Tax receipts.
FY 2009- $2.1 trillion.
FY 2017- $3.3 trillion.
Bush also had unpaid for tax cuts that costs trillions in tax revenue,2 unpaid wars,unpaid for medicare drug expansion and increased military spending 300 billion a year
Nice Job Obama after really shitty economy in 2008/2009:
Way to come back!
After all if you are going to blame a President, you have to give him credit too for taking it from $2.10 in his first full year in office to $3.27 trillion.
I guess addition is hard for libtard orangemanbad people.
Worst deficits In History
Weakest recovery in history.
Nice job Obama!
Inherited from Bush
