In 2009 the Obama Administration estimated that the US deficit would decrease from $1.75 trillion to a more manageable $600 billion in three years.
SOURCE: CBO, White House Office of Management and Budget | The Washington Post – March 21, 2009
But then the Obama stimulus failed and deficits blew through the roof.
The Obama Administration lied.
(J. Hoft Chart)
In fact this year will be the fourth year in a row that the US deficit will top $1.1 trillion.
Another Obama record.
