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Yo_Mama_Been_Loggin

(108,072 posts)
Fri Jan 1, 2021, 02:55 PM Jan 2021

Fact check: Clinton, Obama left federal government with a lower deficit than when they arrived

The claim: Clinton and Obama were the only presidents to lower the deficit in the last 50 years

-snip-

That was the starting point for President George H.W. Bush, who entered the White House in 1989. By the time he left in 1993, the deficit had grown over $100 billion to $255 billion.

That was the baseline for President Bill Clinton, who entered the White House in 1993. By the time he exited, there was a $128.2 billion surplus.

That was the starting point for President George W. Bush, who took over the White House in 2001. By the time he left in 2009, there was a $1.41 trillion deficit.

That was the baseline for President Barack Obama, who entered the White House in 2009. By the time he exited in 2017, there was a $665.4 billion deficit — about half of what it was when he entered.

That was the starting point for President Donald Trump, who came to the White House in 2017. By the time Trump leaves in 2021, there will be a $966 billion deficit, according to estimates from the Office of Management and Budget.

https://www.msn.com/en-us/news/politics/fact-check-clinton-obama-left-federal-government-with-a-lower-deficit-than-when-they-arrived/ar-BB1cnUys?li=BBnb7Kz

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Fact check: Clinton, Obama left federal government with a lower deficit than when they arrived (Original Post) Yo_Mama_Been_Loggin Jan 2021 OP
And positive job creation numbers too. trump job creation numbers are... brush Jan 2021 #1
K&R, 3 republican presidents in my voting life time and 3 mutilated economies for the middle class. uponit7771 Jan 2021 #2
The Tea Party will start worrying about it again on 20 Jan. keithbvadu2 Jan 2021 #3
$966 billion was the pre-Covid projection for FY2021 from the OMB. Make7 Jan 2021 #4
K&R UTUSN Jan 2021 #5

brush

(53,801 posts)
1. And positive job creation numbers too. trump job creation numbers are...
Fri Jan 1, 2021, 03:05 PM
Jan 2021

in negative territory, which is par for the course with this pathetic admin (see the covid response and vaccine rollout prep).

keithbvadu2

(36,836 posts)
3. The Tea Party will start worrying about it again on 20 Jan.
Fri Jan 1, 2021, 03:29 PM
Jan 2021

The Tea Party will start worrying about it again on 20 Jan.

Make7

(8,543 posts)
4. $966 billion was the pre-Covid projection for FY2021 from the OMB.
Fri Jan 1, 2021, 03:35 PM
Jan 2021

Their budget outlook from February 2020 projected a deficit of $1,083 billion for FY2020.

The deficit in 2019 was $984 billion and then set a record at $3,300 billion in 2020. The September CBO projection for FY2021 is $1,800 (which is probably less than it will end up being).

The same people that complained about the trillion dollar deficits in Obama's first term during what was the worst economic downturn since the Great Depression didn't seem bothered by trillion dollar deficits under Trump during what they claimed was the greatest economy in over 50 years.

Now that Biden is going to President, we are going to hear all about how US debt is a very serious problem. Perhaps we should roll back the tax cuts on wealthy individuals and corporations to increase revenue then. No? It's not that serious of a problem? Oh.

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