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BEHIND OBAMA’S PHONY DEFICIT NUMBERS at DickMorris.com
published 213 days, 10 hours, 38 minutes ago posted by http://twitter.com/account/profile?user_id=29588209http://twitter.com/account/profile?user_id=29588209 213 days, 20 hours, 15 minutes ago
Tuesday, February 02, 2010 12:31:10 PM GMT Tuesday, February 02, 2010 2:54:12 AM GMT
BEHIND OBAMA’S PHONY DEFICIT NUMBERS at DickMorris.com

So what was the real deficit Obama inherited? The $600 billion deficit Bush was running plus the $200 billion of TARP money that probably won’t be repaid (mainly AIG and Fannie Mae and Freddie Mac). That totals $800 billion. That was the real deficit Obama inherited.

Then…he added $300 billion in his stimulus package, bringing the deficit to $1.1 trillion. And falling revenues and other increased welfare spending pushed it up to $1.4 trillion.

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