Republican Myth Debunked: U.S. Deficit Actually Falls Below $1 Trillion for First Time Since 2008

Barack ObamaWhile Republicans love to paint President Obama as someone who’s done nothing but spend, spend, spend—reality tells a different story.

Let’s get a few facts out of the way.  Yes, we’ve spent a lot of money since 2008.  Yes, we’re still currently running budget deficits.  Yes, we still need to get spending under control.  And yes, there’s still a lot of work to be done.

But this right-wing myth that President Obama has been some kind of “Spender in Chief” is completely absurd.

In 2008, our deficit was $458.6 billion.  For 2013, it will be $680.3 billion.  Is that still a lot of money?  Absolutely.  But it’s still down from 2012 when our deficit was $1.09 trillion, and it’s headed back towards the levels we had before the economic crash.

And let’s not forget that the 2009 budget, which President Obama gets saddled with, was actually passed by George W. Bush.  How large was that deficit?  $1.4 trillion.  So, what does that mean exactly?  That President Obama has cut deficits by more than half since he became president.

Oh, and for 2013, revenue was up 13.3 percent — which is attributed to an economy that continues to grow, more jobs being created and President Obama’s tax hikes on the richest Americans.   So much for “tax hikes killing job creation.”

So while Republicans continue to paint President Obama as some “socialist” who does nothing but advocate massive government spending, reality tells a very different tale.  Then again, it’s been decades since the Republican party actually cared about “facts” or “reality.”

They cling to the 2008 numbers that are still below what 2013 is at, but fail to embrace the fact that 2009’s numbers, while tagged to President Obama, were passed by George W. Bush.  So the fact is, spending is down under President Obama.

In fact, as many already know, deficits are shrinking at their fastest pace since World War II.

But these realities don’t stop Republicans from pushing this false pretense that President Obama has been this giant spender, hurling money at anything and everything because that’s all he knows how to do.

And let’s also not forget President Obama inherited a train wreck of an economy.  Not only did he inherit that mess, he came into office right in the middle of it.  We had to spend a massive amount of money to avoid letting our country slip into another Great Depression.

It still amuses me that Republicans seem to only be “fiscally conservative” once their party no longer controls the White House. For eight years under George W. Bush, Republicans had near full control over our government, and did nothing more than wreck a balanced budget, run up giant deficits and double our national debt.

But now they want to pretend to act appalled at spending?

I’ll just leave them to their rhetoric.  Because while they’ll continue to push the outright lie that Obama has been a president who simply throws money at everything, reality is on the side of those who know that he’s drastically reduced our deficits from the 2009 levels passed during George W. Bush’s last year in office.

Allen Clifton

Allen Clifton is a native Texan who now lives in the Austin area. He has a degree in Political Science from Sam Houston State University. Allen is a co-founder of Forward Progressives and creator of the popular Right Off A Cliff column and Facebook page. Be sure to follow Allen on Twitter and Facebook, and subscribe to his channel on YouTube as well.


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