President Obama was disingenuous when he said that the budget deficit he faced "when I walked in the door" of the White House was $1.3 trillion. He went on to say that he only increased it to $1.4 trillion in 2009 and was raising it to $1.6 trillion in 2010.
As Joe Wilson said, "You lie."
Here are the facts:
In 2008, George W. Bush ran a deficit of $485 billion. By the time the fiscal year started on Oct.1, 2008, it had gone up by another $100 billion due to increased recession-related spending and depressed revenues. So it was...












Behind Obama's Phony Deficit Numbers