http://en.wikipedia.org/wiki/2009_United_States_federal_budget The United States federal budget for fiscal year 2009 was a spending request by President George W. Bush to fund government operations for October 2008-September 2009. Figures shown in this article do not reflect the actual appropriations by Congress for Fiscal Year 2009 Deficit With projected receipts less than projected outlays, the budget proposed by President Bush predicts a net deficit of approximately $400 billion dollars, adding to a United States governmental debt of about $11.4 trillion. Actual tax receipts totaled approximately $2.1 trillion - significantly less than the $2.7 trillion expected. The actual deficit in 2009 was $1.4 trillion.
http://en.wikipedia.org/wiki/2009_United_States_federal_budget "With projected receipts less than projected outlays, the budget proposed by President Bush predicts a net deficit of approximately $400 billion dollars, adding to a United States governmental debt of about $11.4 trillion. Actual tax receipts totaled approximately $2.1 trillion - significantly less than the $2.7 trillion expected" "The financial cost of the Iraq War and the War in Afghanistan are not part of the defense budget; they are appropriations." 1.Bush submits budget with 400 billion dollar deficit,revenue was 600 billion less then Bush projected so now the deficit is a trillion(Bush accounting tricks) 2.The Iraq and Afghan wars were not part of Bushs official budget (Bush accounting tricks) so the costs of those wars are added to the trillion dollar deficit
More on Bush accounting tricks like not including the Iraq and Afghan wars in his official budget and projecting more tax revenue then he knew would come in SIMPLE HONESTY: Obama has already made a departure from the Bush budget legacy by instilling new openness and transparency. Last week, the New York Times reported that Obama will now reject "four accounting gimmicks that President George W. Bush used to make deficit projections look smaller." In 2005, the Washington Post editorial board called Bush's budget proposal a "farce" for using accounting tricks. Obama's changes include accounting for the Iraq and Afghanistan wars (Bush relied on "emergency supplemental" war spending), assuming the Alternative Minimum Tax will be indexed for inflation, accounting for the full costs of Medicare reimbursements, and anticipating inevitable expenditures for natural disaster relief. The result of Obama's openness is a budget that is $2.7 trillion "deeper in the red over the next decade than it would otherwise appear." As The Wonk Room explained, "that debt was always there. It was just being hidden." "For too long, our budget process in Washington has been an exercise in deception -- a series of accounting tricks to hide the extent of our spending," Obama remarked yesterday.
Bush left a 1.4 trillion dollar deficit Obamas deficit was lower then 1.4 trillion 2 out of his 3 years in office and is currently 900 billion A deficit 500 billion less then Bush's is much better then Bush imo
I'd say a deficit lower then Bushs 2 out of 3 years and currently 500 billion less then Bushs budget is a lot to have
Well if you cant trust a left wing site called "the wonk room" who can you trust? What do you make of Obama's accounting gimmicks on the budget he proposed?