Scritto il 13/02/2019 alle ore 16.34
Obama took over with a deficit already at $1 trillion.The Democrats took control of Congress in 2007 and have controlled the budget process for FY2008, FY2009, FY2010 and FY2011. The budget deficit started to increase immediately. It increased in FY2008 and in FY2009, when the deficit exploded, they funded the government by continuing resolution to bypass Bush until Obama could take over. After Obama took over they passed an omnibus bill to complete FY2009. So, if Obama inherited a deficit, it was the deficit of 2007. See Chart: |