President Barack Obama was elected on Nov. 4, 2008, a little over a month after the beginning of fiscal 2009. He was inaugurated on Jan. 20, 2009, almost four months into fiscal 2009. On Feb. 17, 2009, less than a month into his first term, and less than five full months into fiscal 2009, he signed the American Recovery and Reinvestment Act—an “economic stimulus” law that the Congressional Budget Office has estimated would increase the deficit by $833 billion over ten years.
HISTORICAL BUDGET DEFICITS:
Year...........Deficit
2013 680,276,000,000
2012 1,089,193,000,000
2011 1,296,791,000,000
2010 1,294,204,000,000
2009 1,415,724,000,000 (On Feb. 17, 2009, less than a month into his first term, and less than five full months into fiscal 2009, he signed the American Recovery and Reinvestment Act—an “economic stimulus” law that the Congressional Budget Office has estimated would increase the deficit by $833 billion over ten years)
2008 454,798,000,000
2007 161,527,000,000 (Nancy Pelosi becomes Speaker of the House)
2006 248,197,000,000
2005 318,746,000,000
2004 412,845,000,000
2003 377,139,000,000
2002 157,791,000,000 |
