2009 saw a deficit of 1.75 trillion USD (approximately).
2008 saw a deficit of 1.45 trillion USD (approximately)
2007 saw a deficit of 550 billion USD (approximately)
It’s almost as if something occurred in 2008 to impact the deficit so much… like something that caused an expansion of federal spending, or a contraction of tax income… Three guesses as to what, first two don’t count.
You know, I really hope Obama finds the spine to say “Sorry guys, we are having a problem with the deficits, we can’t afford the tax cuts, President Bush’s or mine, and we are stopping them tomorrow.. ” Watch how quickly all those deficit hawks turn chicken.