0
He has more than doubled in a bit over three years to what Bush had in eight.
__
Whoever wrote the refutation to ANSWERS' answer on this question doesn't know the difference between the debt and the deficit! The debt is money we didn't have, so we borrowed it. The DEFICIT, in contrast, is the numerical difference between what is spent and what is earned.
Wiki User
∙ 10y ago
Add your answer:
Earn +20 pts
What presidents reduced deficit?
Clinton and Obama
What is Barack Obama's stance on deficit?
Deficit can be reduced over a period of time...NOT at the expense of the economy.
Can you use deficit spending in a sentence?
President Obama faces strong political pressure to curb deficit spending in the United States.
Can you give me a sentence with the word trade deficit?
Obama is putting our country in even more debt due to the overuse of trade deficit.
How has Barack Obama contributed to the world?
my dick
The natural resources that have most contributed to US economic growth are?
Obama
What is Barack Obama going to do with the deficit?
If all his entitlements pass, including Obamacare, he will increase the deficite dramatically.
Which item contributed most to England's trade deficit with China?
Tea. [To the person who edited this answer last, YOU ARE NOT FUNNY. GET A LIFE.]
How much has President Obama added to the national debt?
The deficit has actually gone down under Obama, and as of the end of 2014, it is the lowest it's been since 2008, before he became President. At its worst, the deficit was about $1.5 trillion; as of July 2015, it's just under $500 billion.You may be confusing the terms "debt" and "deficit".- When the government spends more money than it makes, that difference is called a "deficit". So if the government makes $100 but spends $105, the deficit is $5.- the "debt" is the total amount of money that the government owes for things. The deficit adds to it. It's a lot like how a credit card works (if your credit card had a limit somewhere in the trillions).The debt has indeed gone up quite a bit under Obama, but the deficit has gone down quite a bit. When he took office in January 2009, the debt was about $10.6 trillion; as of July 2015, it's just over $18.3 trillion. Just looking at the numbers, with zero context, that seems very bad, but it's much more complicated than simple numbers, and I'm not going to get into those details here.Additionally, the federal budget is made by Congress; the President can (and usually does) make suggestions, but the Constitution specifically put Congress in charge of formulating and passing a budget. So if you don't like the deficit or the debt, you should be complaining to your Congressional delegation, not Obama.
What president has added the most money to the deficit?
Bush Jr. Obama will probably outstrip him eventually
What is the difference among fiscal deficit budget deficit revenue deficit and trade deficit?
fiscal deficit: not enough money budget deficit: not as much money as you had planned to have in your budget revenue deficit: not enough money coming in trade deficit: you are spending more money on imports than the amount of money which you receive for your exports.
What was the total deficit when Obama took office?
US budget deficit for 2008 $400 billion. Budget for $2009 $999.95 Billion. 2010 is expected to be $1.43 Trillion. --------- The non-partisan Congressional Budget Office projected the 2009 deficit as $1.2 trillion on January 7, 2009. This was the last estimate they did while Bush was president. These estimates depend on many variables of course, so they are really rough estimates, but clearly the current year deficit was running somewhere above $1trillion when Obama took office.
