PeterZ wrote:gcomeau wrote:
The red parts are projections. And I stated those projections were later downward revised slightly.
The blue part where the deficit NOSEDIVES to 10% of GDP is THE REAL DAMN NUMBERS as of Obama taking office.
Even the chart has the shaded section labeled as PROJECTED. Just to the right of the "Bush leaves White House" arrow.
See where I said "the red parts are projections"?
Where are the red parts Peter? Oh look, to the right of the "Bush Leaves Office" arrow!
So why are you telling me what I just said as if I didn't know it?
Below is the actual deficits. With the exception of 2015, President Obama had greater deficits than Bush is every year other than that 2009 Porkulus.
FFS, how do you keep repating this without understanding it? EVERY PRESIDENT uses the deficit handed to them by their predecessor as their starting baseline. That is what they get to work from.
You can keep calling it "the porkulus" all you want it was still WHAT OBAMA GOT HANDED BY BUSH.
The measure from there is did he increase the deficit or decrease it? And he decreased it A LOT.
You chart projects a deficit of $769bn in 2012. That's 5% of GDP and a GDP of $15.38tr. As you can see the actual numbers came in much higher; $1.087tr. That's a 41% miss from what was projected on your chart.
Let me once again refer you back to "things I already said"...
"And I specifically stated in my post that Obama's stimulus moved them slightly more negative after that. (Something else that moved them more negative? Revisions to economic numbers from the end of Calendar 2008 showing the economy was plummeting significantly faster than was thought at the time)"
I know the projections were low just as well as you do.
I know WHY they were low clearly better than you do.
And neither of those things changes that Bush ran the deficit up in the first damn place which was THE POINT of all this.
So, yeah, relying on projections IS fake news.
President Barack Obama: Total Projected Plus Actual Deficits = $6.575 trillion, a 56 percent increase.
FY 2017 - $441 billion projected.
FY 2016 - $600 billion expected.
FY 2015 - $438 billion.
FY 2014 - $485 billion.
FY 2013 - $679 billion.
FY 2012 - $1.087 trillion.
FY 2011 - $1.300 trillion.
FY 2010 - $1.547 ($1.294 trillion plus $253 billion from the Obama Stimulus Act that was attached to the FY 2009 budget).
President George W. Bush: Total = $3.293 trillion, a 57 percent increase.
FY 2009 - $1.16 trillion. ($1.413 trillion minus $253 billion from Obama's Stimulus Act)
FY 2008 - $459 billion.
FY 2007 - $161 billion.
FY 2006 - $248 billion.
FY 2005 - $318 billion.
FY 2004 - $413 billion.
FY 2003 - $378 billion.
FY 2002 - $158 billion.
Yeah! Bush starts with an itty bitty little deficit and turns it into a great big fucking giant deficit.
Obama starts with a great big freaking giant deficit and reduces it back down to a moderate deficit.
Which is exactly what you have been getting told while you keep trying to claim Obama was the worst thing to ever happen to a deficit. So um, thanks for pointing out I'm right?