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Not only in terms of deficit creation but also in terms.

Sep 01, Obama says he has cut national deficit in half. InPolitiFact twice rated True claims that President Barack Obama failed to keep a promise to cut federal deficits in half by the end of his. Dec 03, – 1, billion.

But also there is no need to exaggerate there either.

– 1, billion. – 1, billion. As you can see, what Obama actually did since he took office was to triple the deficit, not cut it in half. For yearthe CBO puts the deficit atbillion, which is stillbillion more of a deficit than the worst year under treedelimbing.buzzted Reading Time: 9 mins.

Feb 22, He doubled the already high Bush deficits before he cut them in half. Finally, there’s this: Most of the spending cuts the White House now takes credit for were initiated by Republicans and grudgingly agreed to by Obama. Maybe that initial calculation needs to be adjusted to 75% from the liar column and 25% from the bad math column. Aug 08, Obama told Leno that he has cut the deficit in half, when in fact he has tripled it. Table Summary of Receipts, Outlays, and Surpluses or Deficits (-): – You have to admire his ability to tell one lie after another with absolutely no sense of remorse, or show any signs of having a treedelimbing.buzzted Reading Time: 9 mins.

Dec 08, Annual budget deficits, which represent the federal government’s spending in excess of revenue, have begun to rise for the first time in seven years, dating back to President Obama inherited a deficit oftrillion when he took office at the end of the Great Recession.

The first chart shows that deficits began to shrink as the economy slowly Estimated Reading Time: 2 mins. Previously I had asked on:How can Obama claim he has" Cut the Deficit in Half",Well, here is how the Math adds up,And how that claim is somewhat treedelimbing.buzz