Although we didn’t see this reported in the state-run media… China View News reported today that the The U.S. federal budget deficit totaled 91.85 billion U.S. dollars in December. The deficit was slightly less than the 92 billion dollars that analysts had expected. But the red ink of the first three months of fiscal year 2010 beginning from October 2009 is 16.8 percent higher than the same period of the fiscal year 2009 when it hit a record 1.42 trillion dollars.
Considering these numbers it is likely that after tripling the US national deficit from the previous year in 2009, Barack Obama is on track to nearly quadruple the national deficit from 2008 when George W. Bush left office.
The Obama Disaster–
Here’s a look at the US federal budget deficit:
US Federal Budget Deficit
Year Deficit
1996 -107
1997 -22
1998 69
1999 125
2000 236
2001 128
2002 -157
2003 -377
2004 -412
2005 -318
2006 -248
2007 -160
2008 -454
2009 -1,415
2010 -1,652 (estimated)
Doug Ross has more numbers and predicts a budget deficit of $1.55 trillion this year.
January 13th, 2010 | 9:58 pm | #1
If the media reports this, they will claim that the economic recovery of the nation is directly proportional to the amount of government spending. 3x the debt means a recovery that’s 3x faster. All praise Obama!
January 13th, 2010 | 10:09 pm | #2
Poor poor Poopsicle, another graph he won’t be able to understand.
Hey Poopsie, instead of complaining, try a high colonic.
January 13th, 2010 | 10:16 pm | #3
Obama: “Working as planned.”
Destroying the dollar.
January 13th, 2010 | 10:45 pm | #4
Social comments and analytics for this post…
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January 13th, 2010 | 10:57 pm | #5
Obama: “Working as planned.”
Bankrupting the country.
January 13th, 2010 | 10:57 pm | #6
fargobama
January 14th, 2010 | 12:06 am | #7
I guess it’s not a big deal because no one in the regular media ever reports this stuff.
The worst part is we aren’t getting anything in return for all this money that is being spent.
January 14th, 2010 | 2:44 am | #8
Surprise?
Nope.
Told you so. You’ve seen nothing yet.
Spending what you don’t have. But Obama is sooooo smaaaaaaart.
January 14th, 2010 | 4:01 am | #9
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January 14th, 2010 | 5:08 am | #10
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January 14th, 2010 | 9:18 am | #11
Can we say “high crimes and misdemeanors” yet?
January 14th, 2010 | 2:26 pm | #12
[...] Gateway Pundit – After Tripling Deficit in 2009 Obama On Track to Nearly Quadruple Bush Deficit in 2010 [...]
January 22nd, 2010 | 3:23 pm | #13
[...] Although I would also have included the 1,200 self-references in the first eight months of his reign, the 170 or so parties/social events hosted by the White House as of December 2009, and the tripling of the budget deficit. [...]
January 22nd, 2010 | 3:26 pm | #14
[...] Although I would also have included the 1,200 self-references in the first eight months of his reign, the 170 or so parties/social events hosted by the White House as of December 2009, and the tripling of the budget deficit. [...]
January 22nd, 2010 | 4:34 pm | #15
[...] Although I would also have included the 1,200 self-references in the first eight months of his reign, the 170 or so parties/social events hosted by the White House as of December 2009, and the tripling of the budget deficit. [...]
January 23rd, 2010 | 4:33 pm | #16
[...] Obama tripled the national deficit last year. This year Barack Obama is on track to nearly quadruple Bush’s 2008 budget [...]
January 23rd, 2010 | 5:17 pm | #17
[...] Obama tripled the national deficit last year. This year Barack Obama is on track to nearly quadruple Bush’s 2008 budget [...]
January 23rd, 2010 | 7:21 pm | #18
[...] year Barack Obama is on track to nearly quadruple Bush’s 2008 budget [...]
January 24th, 2010 | 5:41 am | #19
[...] year Barack Obama is on track to nearly quadruple Bush’s 2008 budget [...]
January 25th, 2010 | 10:07 pm | #20
[...] the record Democrats are likely to quadruple Bush’s 2008 budget deficit after tripling it last year. Comments [...]
January 26th, 2010 | 12:12 am | #21
[...] of Gateway Pundit) -”For the record, Democrats are likely to quadruple Bush’s 2008 budget deficit this year after tripling it last [...]
January 27th, 2010 | 4:58 pm | #22
[...] – 2009 (Summary) Projected Deficit, Bush Deficit vs. Obama Deficit in Pictures (March 2009) After Tripling Deficit in 2009 Obama On Track to Nearly Quadruple Bush Deficit in 2010 Obama’s Tripling of the National Debt in Pictures The Obama Budget: Spending, Taxes, and Doubling [...]
February 1st, 2010 | 11:04 pm | #23
[...] tripled the national deficit his first year in office. This year he will nearly quadruple it. This guy is truly amazing. Comments [...]
February 1st, 2010 | 11:38 pm | #24
[...] will cost taxpayers $3.8 trillion and will raise the national deficit to $1.6 trillion. This is nearly 4 times the 2008 national deficit when President Bush was in [...]
February 2nd, 2010 | 5:50 am | #25
[...] Obama and democrats still believe that tripling the US budget deficit in one year, increasing that deficit the next year, refusing to interrogate captured terrorists, holding terror trials in [...]
February 3rd, 2010 | 1:53 am | #26
[...] After Tripling Deficit in 2009 Obama On Track to Nearly Quadruple Bush Deficit in 2010 Leading Democrat: “We’ve Got to Spend Our Way Out of This Recession” (Video) The Dem’s Disconnect: A Response to Obama’s Defiant SOTU Address (Video) House Republican voted against Obama’s big spending bills One Day After Obama Promises to Curb Spending – Dems Pass Largest Debt Increase in US History Disgusting… Shameless Liar Pelosi Tries to Pin Obama’s Deficit on Bush & GOP Senate Puts Politics Over Fiscal Responsibility In Debt Limit Vote Obama’s budget in pictures Debt deluge: Here comes the $1.6 trillion flood of red ink Obama Can Blame Bush All He Wants, But His Budget Is Even Worse Possibly related posts: (automatically generated)OBAMA’S BUDGET 101 [...]
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