[Riot]

Originally Posted by Danzig

Been reading the usa today this week whilst on vacation, since they provide iteach day...

At any rate, one of obamas promises was to cut the deficit...but according to usa t, its grown more in the four obama years than in the eight bush years. Thats just awesome.

Not exactly:

Not only is Mitt Romney telling his supporters that President Obama continues to spend out of control, but additionally that the president is responsible for doubling the budget deficit since he took office. This is not a new attack. Republicans who blindly greenlit trillions in Bush-era spending have been engaged in this nonsense practically since the minute the president was inaugurated.

I like to do this from time to time, so consider this a one-stop source for debunking what the Republicans are claiming about the Obama administration's fiscal record. Before I do, however, I'd like to note that Republicans often confuse the national debt with the federal budget deficit, not unlike the way they scramble the stimulus and the bailouts. (The "stimulus," passed by President Obama, is the American Recovery and Reinvestment Act and the "bailout," passed by President Bush, is also known as TARP.) They're not interchangeable terms.

For example, Karl Rove's new and highly deceptive anti-Obama commercial somehow conflates the national debt and unemployment, calling it "job-killing debt," even though job-creation and the national debt are about as interdependent as Rove and The Truth. We can assume that Rove simply doesn't know what the debt actually is, or that he's deliberately lying to voters.

To be clear: the federal budget deficit is the annual difference between what the government spends and what it collects in revenue. It's often similar, higher or lower, than the previous fiscal year's deficit. The debt is the total amount of money the United States owes to creditors, and this much larger figure accrues from year to year. A lot of people don't know the difference, and I've even heard very serious cable news people mix them up, too.

http://www.huffingtonpost.com/bob-ce...l?ref=politics

The federal debt would continue to increase if Spongebob Squarepants was president, and spent zero money.

Obama has indeed markedly cut the federal budget deficit

The Congressional Budget Office noted that President Obama inherited $1.2 trillion of the total $1.4 trillion deficit for 2009.

And even though it's staring him in the face, Beauprez failed to note that the president has reduced the deficit nearly every year. Again, by Beauprez's own numbers, the president has cut the deficit every year except for one. Between 2009 and 2012, the president will have reduced the deficit by $312 billion. Put another way, the president has cut the deficit by nearly 25 percent -- so far.