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Sep 01, Obama says he has cut national deficit in half. InPolitiFact twice rated True claims that President Barack Obama failed to keep a promise to cut federal deficits in half by the end of his. Dec 03, For yearthe CBO puts the deficit atbillion, which is stillbillion more of a deficit than the worst year under Bush. So what Obama means when he says, “since I took office, we have now cut our deficits by more than half” is that his administration tripled the deficit and spent well over a trillion dollars more than it had in revenues for four straight years, Estimated Reading Time: 9 mins.

Feb 22, He doubled the already high Bush deficits before he cut them in half. Finally, there’s this: Most of the spending cuts the White House now takes credit for were initiated by Republicans and grudgingly agreed to by Obama.

Maybe that initial calculation needs to be adjusted to 75% from the liar column and 25% from the bad math column.

Mar 04, Here’s what Obama said 1887 Wilmington MA the meeting on Feb. 23,"Today I'm pledging to cut the deficit we inherited by half by the end of my. Apr 04, Obama's cutting by more than half Bush's deficit speaks for itself. In fact, it's the largest deficit reduction in nominal terms in history.

And the largest deficit reduction per GDP since WWII. But remember, we must succumb to the belief that Obama is the biggest spender ever and has done nothing but grow government.