10) Obama Doubled the Deficit.
This was a favorite of the Mitt Romney campaign. Throughout 2012, Romney repeatedly said, "The president promised to cut the deficit in half. He's doubled it!" No. No he hasn't. First of all, this line depends entirely on voters not understanding the difference between the deficit and the debt. See previous "simpleton" remarks. Indeed, the president has absolutely cut the deficit by way more than half in his first five years. When he took office, the deficit for 2009 was projected to be $1.4 trillion. The deficit at the end of 2014 will be $514 billion, just three percent of GDP. That's a nearly $1 trillion reduction in five years. Not only that, but the administration boasts the lowest year-over-year increase in government spending since Truman, and it'll be one of just three administrations in the last 50 years that will have ended with a lower deficit than when it began. The last Republican do leave the White House with the same record was Eisenhower.
