What Obama "inherited" and from whom

(click on the title of this post to go to CBO website then click on the link on the left that says "Historical Budget Data(.xls)")

President Obama has consistently repeated this notion that he “inherited” a 1.2 trillion dollar deficit. (According to the CBO’s website, it was 1.5 trillion)

While that is true as far as it existing when he was sworn in as President, it is a willful deception to act like he and the Democrats had nothing to do with it.

The Democrats have now controlled Congress for THREE YEARS. The budget that ended up being in deficit by 1.5 trillion dollars was written and passed by a Democrat controlled Congress(with the help of the then Senator Obama).

According to the CBO’s website, the following were the numbers regarding the last few budgets:

Fiscal Year____ Deficit______ Passed In/By____________ Signed By
2004 ________$568 billion __2003 Republican Congress ___Bush
2005 ________$493 billion __2004 Republican Congress ___Bush
2006 ________$434 billion __2005 Republican Congress ___Bush
2007 ________$342 billion __2006 Republican Congress ___Bush
2008 ________$641 billion __2007 Democrat Congress ____Bush
2009 ________$1.5 trillion __2008 Democrat Congress ____Bush
2010 ________$1.2 trillion* __2009 Democrat Congress ___Obama

*-projected

In other words, the Democrat controlled Congresses have now passed 3 straight budgets that have resulted in a total deficit of $3.34 trillion.

So the reality is that Obama “inherited” this economic mess from……his own party …….AND HIMSELF.