For quite some time now, President Obama has been proclaiming, "The deficit has been cut in half since I took office," and a lot of people believe him. I mean, our President wouldn't deceive (LIE to) us, would he?
The truth: The deficit was $459B in 2008, President Bush's last year in office. President Obama's first year deficit was $1.4T, when the Democrats controlled both the House and Senate. The deficit for 2012 was $753B, still about $300B higher than when President Bush left office.
Another favorite line is, "The deficit is falling faster than ever before in history." I guess that's true....after all, he has drastically cut his own deficit...with some help from Republicans and the Sequester.
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