Obama’s July Deficit More Than Bush’s Deficit for 2007
Jim Hoft, Gateway Pundit
Worst. President. Ever.
The Obama administration announced today that the July deficit totaled $165 billion…
That’s more than the Bush deficit for the entire year of 2007.
…
In 2004 the federal budget deficit was 412 billion dollars. In 2005 it dropped to 318 billion dollars. In 2006 the deficit dipped to 248 billion dollars. And, in 2007 it fell below 200 billion to 162 billion dollars. During the Bush years the average unemployment rate was 5.2 percent, the economy saw the strongest productivity growth in four decades and there was robust GDP growth.
