Remember when wingnuts told you Obama “spent too much”?
From that capitalist bastion Forbes Magazine:
Trump Borrowing $3 Trillion For The June Quarter Will Exceed Obama’s Last 5 Years
www.forbes.com/…
If nothing else (and I mean NOTHING) the GOP was supposed to be fiscally responsible, right?
Well those of us who lived through Reagan and Dubya know that is a lie.
The total Federal deficit amount for Obama’s last five years in office, fiscal 2013 to 2017, was $2.85 trillion. The amounts going in reverse time under Obama were:
- Fiscal 2017: $666 billion
- Fiscal 2016: $585 billion, cumulative $1.25 trillion
- Fiscal 2015: $438 billion, cumulative $1.69 trillion
- Fiscal 2014: $485 billion, cumulative $2.17 trillion
- Fiscal 2013: $680 billion, cumulative $2.85 trillion
Five years. President Obama reduced the deficit by half from the $1.2 trillion he inherited.
Today?
The U.S. Treasury announced on Monday that it now plans to borrow $2.999 trillion in the June quarter and $677 billion in the September quarter
Trump — everything he touches dies.