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78006 Boerne TX Mar 24, President Barack Obama has repeatedly claimed that his budget would cut the deficit by half by the end of his term. But as Heritage analyst Brian Riedl has pointed out, given that Obama has Estimated Reading Time: 3 mins.

Apr 04, Obama's cutting by more than half Bush's deficit speaks for itself.

In fact, it's the largest deficit reduction in nominal terms in history. And the largest deficit reduction per GDP since WWII. But remember, we must succumb to the belief that Obama is the biggest spender ever and has done nothing but grow takedownbush.buzzg: Boerne TX.

Apr 04, 4/6/ UPDATE: Looking back at the data, the budget under President Obama represented a 58 percent reduction tobillion or percent of GDP, i.e., the deficit was reduced by MORE THAN HALF in four years.

Also, to bring the record up-to-date, the CBO data shows the deficit has now been reduced 75 percent from its takedownbush.buzzg: Boerne TX. Sep 28, Obama signed two bills - the stimulus and the tax cut - that alone costtrillion during that time, or nearly a third of the cumulative four-year deficit. How could he have been Estimated Reading Time: 11 mins. About Press Copyright Contact us Creators Advertise Developers Terms Privacy Policy & Safety How YouTube works Test new features Press Copyright Contact us Creators Missing: Boerne TX.

President Obama: Bush tax cuts caused deficitMissing: Boerne TX.