When President Obama took office, the federal deficit was $1.413 trillion dollars. Three years later, at the end of fiscal year 2012, the deficit has been cut by 25% to 1.089 trillion dollars.
The CBO is projecting that the federal deficit will be 901 billion dollars by the end of this fiscal year. This also happens to be President Obama’s last fiscal year of his first term.
By doing the math, which we all know has a liberal bias as Clinton has proven time and time again, this would mean by the end of President Obama’s first fiscal year term, he would have cut the deficit by 36%, almost 40% lower than when he took office.
From Politicus USA