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Obama supported temporary spending increases to stimulate the economy - his stimulus package.

Sep 01, Obama says he has cut national deficit in half. InPolitiFact twice rated True claims that President Barack Obama failed to keep a promise to cut federal deficits.

Aug 27, Occupy Democrats said that George W. Bush"handed Obama atrillion deficit" and Obama reduced Bush’s"deficit to justbillion." The. Dec 06, With the end of fiscal yearthe Congressional Budget Office announced the federal budget deficit:trillion.

Taken purely at face value, this number is enormous. Yet every Democrat, and especially the Obama campaign, ought to be telling anyone who will listen: Not only has the president cut the deficit bybillion during his first term (so far), but he's cut the deficit by Estimated Reading Time: 6 mins.

And nobody expected it to happen.

Oct 23, October 23, AM EDT. T he Internet is all about the moment George W. Bush cracked Barack Obama up during Bill Clinton’s speech at a Estimated Reading Time: 1 min. Jun 28, These tax cuts, combined with the end of the tech boom and a recession than began in latedrove the budget from a projectedbillion a year surplus to abillion a year deficit in a little over a year, and the deficit rose steadily throughout Bush’s presidency, peaking at a projected rate oftrillion when Obama took office.