Federal deficits for the last few years:
President Obama President Bush
FY 2013: $901 billion FY 2009: 1,413 billionFY 2012: $1,089 billionFY 2008: $459 billionFY 2011: $1,300 billionFY 2007: $161 billionFY 2010: $1,293 billion
Some would say that the highest budget of FY 2009 should also be Obama’s, but the first year of a presidency has already been set by the time a president takes office, so it is usually attributed to the last administration. And the Great recession had certainly started before President Obama took office.
Also the budget deficit for FY 2013 is a projected budget, and that before the latest Fiscal cliff deal in Congress, it will probably be less, but how much is yet to be determined.
These are the facts, like them or not. Source:
I believe this to be a somewhat conservative business oriented site. Please go there and see the charts, they are very informative!!
Apr 12, 2017