"In George W. Bush’s last fiscal year, 2009, the federal budget deficit reached $1.4 trillion, pushed upward by the great recession. The recession also affected Barack Obama’s deficits, especially in the first two years.<quoted text>This one is a lie or are you mis-speaking? IF all of the flat out truth is told, Obama has nearly tripled the deficit of Bush & only Bush.
But it’s most dramatic under Bush, whose deficits soared as the recession set in:$161 billion in FY 2007,$458 billion in 2008, and $1.4 trillion in 2009.
(Federal fiscal years end on Sept. 30 so presidents operate the first nine months of their terms under their predecessor’s budget after being inaugurated in January. Bush’s first nine months were governed by Clinton’s final budget and Obama’s first nine by Bush’s. The same will be true for Obama’s successor.)
Obama’s deficits were never quite that high, starting at $1.29 trillion in fiscal year 2010, rising to $1.3 trillion in 2011, falling in 2012 to $1.08 trillion, and to $973 billion last year."