Posted by Sir Four at 10:59pm Sep 12 '09In 2001, the budget for 2009 was estimated to run a surplus of $846 billion. That is, government would have $846 billion more than it needed for the year.
However, this year the budget is estimated to actually have a deficit of $1.2 trillion. After eight years of Bush, we have a President Obama. It is true: he is presiding over $1.2 trillion in deficits. Damn spend-happy liberal, amirite?
But how did we really turn an $846 billion surplus into a $1.2 trillion deficit (a $2 trillion swing)? This graph shows how:
Can someone explain this to the tea baggers?
However, this year the budget is estimated to actually have a deficit of $1.2 trillion. After eight years of Bush, we have a President Obama. It is true: he is presiding over $1.2 trillion in deficits. Damn spend-happy liberal, amirite?
But how did we really turn an $846 billion surplus into a $1.2 trillion deficit (a $2 trillion swing)? This graph shows how:
Can someone explain this to the tea baggers?