I keep seeing this image posted all over facebook from my liberal friends who can’t do math.
When you double and triple the deficits its rather easy make it “fall like a stone”. Its like eating 2 hot dogs a day for years, and then increasing your intake to 10 hot dogs a day, then cutting back to 5 and claiming you are on a massive diet.
A picture is worth a thousand words so this chart straight from the Congressional Budget Office should explain the “falling deficit”.
Even if you exclude 2009 (Obama’s first year) since both Bush and Obama had a share in that deficit, both total debt and deficits for each year are at the highest levels in history under Obama. And Obama has yet to get a yearly deficit down to a Bush year number.
The figures don’t lie, but liars figure.