"Today I'm pledging to cut the deficit we inheried by half by the end of my first term in office..."
Barack Obama - February 23, 2009
That simply did NOT happen. Not even close. The 2013 budget Obama rolled out in 2012 had more than one $1 trillion in deficit spending.
Deficit spending during Obama’s four years in the White House (based on his own figures) will be an estimated $5.170 trillion — or $5,170,000,000,000.00.
To help put that colossal sum of money into perspective, if you take the deficit spending under Obama and divide it evenly among the roughly 300 million American citizens, that works out to just over $17,000 per person — or about $70,000 for a family of four.
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