Flashback Video: Obama pledges to cut inherited deficit in half buy end of his first term in office

 

Obama in February 2009.

Via National Review:

But, as you undoubtedly know, Obama hasn’t even come close to cutting the deficit in any significant way in any year of his presidency:

Fiscal 2009 budget deficit (technically the last year under Bush):$1.41 trillion.

2010 budget deficit: $1.3 trillion.

2011 budget deficit: $1.3 trillion.

2012 budget deficit projection in Obama’s numbers today: $1.33 trillion.