Wrong. Not even close. Bush's last deficit was $1 Trillion.... a number Obama has not gotten under.
Only a complete retard would believe that it actually reduces deficits. The CBO score was based on all the smoke and mirrors that the Dems put into that monstrosity. No chance in hell that will reduce deficits in the real world.
WRONG...
http://www.whitehouse.gov/omb/budget/historicals
Table 1.1—SUMMARY OF RECEIPTS, OUTLAYS, AND SURPLUSES OR DEFICITS (−): 1789–2016
Year / Receipts / Outlays / Surplus or Deficit (−)
2009 2,104,989 3,517,677 -1,412,688 - Bush
2010 2,162,724 3,456,213 -1,293,489 - Obama
2011 estimate 2,173,700 3,818,819 -1,645,119 - Obama
2012 estimate 2,627,449 3,728,686 -1,101,237 - Obama
2013 estimate 3,003,345 3,770,876 -767,531 - Obama
2014 estimate 3,332,588 3,977,141 -644,553 - Obama
2015 estimate 3,583,043 4,189,773 -606,730 - Obama
2016 estimate 3,819,103 4,467,806 -648,703 - Obama
We went over this before. Do you remember???
The Extended-Baseline Scenario is if we follow the laws and programs Democrats passed. End of the Bush tax cuts and enactment of the Affordable Healthcare Act.
The Alternative Fiscal Scenario is what will happen if Teapublicans gain power.
Federal Debt Held by the Public (Percentage of GDP)
CBO’s Analysis
The Extended-Baseline Scenario. Under this scenario, the expiration of the tax cuts enacted since 2001 and most recently extended in 2010, the growing reach of the alternative minimum tax, the tax provisions of the recent health care legislation, and the way in which the tax system interacts with economic growth would result in steadily higher revenues relative to GDP. At the same time, government spending on everything other than the mandatory health care programs, Social Security, and interest on the federal debt—activities such as national defense and a wide variety of domestic programs—would decline to the lowest percentage of GDP since before World War II.
That significant increase in revenues and decrease in the relative magnitude of other spending would offset much—though not all—of the rise in spending on health care programs and Social Security. Federal debt would increase slowly from its already high level relative to GDP. With both debt and interest rates rising over time, interest payments, which absorb federal resources that could otherwise be used to pay for government services, would climb to 4 percent of GDP (or one-sixth of federal revenues) by 2035, compared with about 1 percent now.
The Alternative Fiscal Scenario. The budget outlook is much bleaker under the alternative fiscal scenario, which incorporates very different assumptions about revenues: that the tax cuts enacted since 2001 and extended most recently in 2010 will be extended; that the reach of the alternative minimum tax will be restrained to stay close to its historical extent; and that over the longer run, tax law will evolve further so that revenues remain near their historical average of 18 percent of GDP.
This scenario also reflects the assumptions that Medicare’s payment rates for physicians will remain at current levels (rather than declining by about a third, as under current law) and that some policies enacted in the March 2010 health care legislation to restrain growth in federal health care spending will not continue after 2021. In addition, the alternative scenario includes an assumption that spending on activities other than the major mandatory health care programs, Social Security, and interest on the debt will not fall quite as low as under the extended-baseline scenario.