Feb 28, 2013 ... If current policies remain in place, deficits are expected to range between $600  billion and $900 billion for the rest of this decade, reaching a low around 2015 ...  Two weeks before President Obama's first Inauguration, the Congressional  Budget Office (CBO) projected a 2009 deficit of well over $1 trillion.[2].
Jan 28, 2010 ... Obama: At the beginning of the last decade, the year 2000, America had a  budget surplus of over $200 billion. (Applause.) By the time I took office, we had a  one-year deficit of over $1 trillion and projected deficits of $8 trillion over the next  decade. Most of this was the result of not paying for two wars, two tax ...
Mar 24, 2009 ... President Bush presided over a $2.5 trillion increase in the public debt through  2008. Setting aside 2009 (for which Presidents Bush and Obama share  responsibility for an additional $2.6 trillion in public debt), President Obama's  budget would add $4.9 trillion in public debt from the beginning of 2010 ...
Feb 1, 2010 ... Texas Rep. Jeb Hensarling, at a nationally televised meeting of House  Republicans in Baltimore, accused President Obama to his face of running up  deficits a dozen times greater than the GOP's. The president said, "That's factually  just not true, and you know it's not true," and he invited "any independent ...
In the past 20 years, federal outlays have grown 71 percent faster than inflation.  The average American household's share of this spending is $29,691, roughly  two-thirds of median household income. This relentless growth is projected to  continue, pushing total government outlays to $5.5 trillion a decade from now,  and to ...
At the beginning of the last decade ... America had a budget surplus of over $200 billion. By the time I took office, we had a one-year deficit of over $1 trillion and projected deficits of $8 trillion over the next decade.