Another Record!… Team Obama Goes 2 for 2 – Passes Trillion Dollar Deficit Mark For Second Year in a Row

Posted on October 15, 2010


For the second year in a row the Obama Administration pushed the national deficit above the Trillion dollar mark, further proof that Obamanomics are a complete failure.

Preliminary figures from the Congressional Budget Office (CBO) show that Washington ran a $1.291 trillion deficit in 2010, just slightly less than last year’s $1.416 trillion.

To put these figures in perspective, the annual budget deficit between 1789 and 2008 never reached $500 billion.

As a percentage of the gross domestic product (GDP), the past two years’ deficits of 10.0 and 8.9 dwarf all other deficits since World War II.

via Gateway Pundit.