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FACT CHECK: Clinton’s False Claim About Obama Cutting The Deficit

- October 19, 2016

Clinton Claimed That President Obama Has Cut The Federal Deficit By Two-Thirds. CLINTON: “When President Obama came into office, he inherited the worst economic disaster since the great depression. He has cut the deficit by two-thirds.” (Hillary Clinton, Presidential Debate, University of Nevada Las Vegas, Las Vegas, NV, 10/19/16)

The Deficit Has Gone Up Under Obama

In 2008, The Last Fiscal Year Before Obama Took Office, The Federal Budget Deficit Totaled $459 Billion. (“Budget Of The U.S. Government Fiscal Year 2017 Historical Tables,” Office Of Management And Budget, 2/16)

In July, The White House Announced That The Fiscal Year 2016 Federal Budget Deficit Was Expected To Be $600 Billion, “An Increase Of $162 Billion From Last Year.” “The White House said Friday the federal budget deficit is expected to be $600 billion in 2016, an increase of $162 billion from last year.” (“Federal budget deficit will increase $162 billion in 2016,” Politico, 7/15/16)

Under The Obama Administration, The National Debt Has Increased By 84 Percent, A Total Of $9.1 Trillion, From $10.627 Trillion In 2009 To $ 19.766 Trillion As Of October 18, 2016. (“Daily History Of The Debt,” U.S. Department Of Treasury, Accessed 10/19/16)


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