<?xml version="1.0" encoding="UTF-8" standalone="yes"?><oembed><version><![CDATA[1.0]]></version><provider_name><![CDATA[Real Science]]></provider_name><provider_url><![CDATA[https://stevengoddard.wordpress.com]]></provider_url><author_name><![CDATA[stevengoddard]]></author_name><author_url><![CDATA[https://stevengoddard.wordpress.com/author/stevengoddard/]]></author_url><title><![CDATA[The Obama Balanced&nbsp;Budget]]></title><type><![CDATA[link]]></type><html><![CDATA[<p>In 2008 Obama complained about Bush increasing the debt by $3 trillion, and promised to restore fiscal discipline.</p>
<blockquote><p><a href="https://stevengoddard.files.wordpress.com/2011/07/screenhunter_74-jul-09-11-25.gif"><img loading="lazy" data-attachment-id="35481" data-permalink="https://stevengoddard.wordpress.com/2011/07/09/obama-paygo-explained/screenhunter_74-jul-09-11-25/" data-orig-file="https://stevengoddard.files.wordpress.com/2011/07/screenhunter_74-jul-09-11-25.gif" data-orig-size="662,159" data-comments-opened="1" data-image-meta="{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;}" data-image-title="ScreenHunter_74 Jul. 09 11.25" data-image-description="" data-medium-file="https://stevengoddard.files.wordpress.com/2011/07/screenhunter_74-jul-09-11-25.gif?w=300" data-large-file="https://stevengoddard.files.wordpress.com/2011/07/screenhunter_74-jul-09-11-25.gif?w=662" class="alignnone size-full wp-image-35481" title="ScreenHunter_74 Jul. 09 11.25" src="https://stevengoddard.files.wordpress.com/2011/07/screenhunter_74-jul-09-11-25.gif?w=640&#038;h=153" alt="" width="640" height="153" /></a></p>
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<p><a href="http://moveleft.org/obamas_promises/www-barackobama-com_issues_fiscal.pdf">http://moveleft.org/obamas_promises/www-barackobama-com_issues_fiscal.pdf</a></p></blockquote>
<p>Instead, he tripled the deficit and has accumulated three times as much debt in six years as Bush did in eight. Obama&#8217;s smallest deficit is larger than Bush&#8217; largest.</p>
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<p>But it is worse than it seems. Obama&#8217;s original claim was also a lie &#8211; according to the White House Budget Office, Bush increased the debt by $2 trillion, not $3 trillion. Obama has increased it by $6 trillion so far.</p>
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<p><a href="https://www.whitehouse.gov/sites/default/files/omb/budget/fy2016/assets/hist01z1.xls">Table 1.1—Summary of Receipts, Outlays, and Surpluses or Deficits (-): 1789–2020</a></p></blockquote>
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