Funny how that trillion dollar deficit started when Pelosi and Reid took over Congress.<quoted text>
Take a look at bush's 2009 budget. In January of 2009 before Obama took office the CBO forecast a $1 Tril + deficit for 2009. It was based on a combination of bush's increased spending for 2009 and on reduced revenues due to the downturn.
However, that does not negate the fact that deficits had been ran since 2003 and that Medicare and Social Security were already consuming more and more of the budget.
Since Jaunuary 2011 not one dime has been spent without the approval of the Republican House.
Social Security. Unfortunately, it was based on a model that anticipated that people would continue to have children to foot the future bill. The numbers are no longer there.