Obama Will Swell Deficit More Than Bush

From Townhall.com:

Attacks on the Bush economic record generally focus on his deficit spending, converting Bill Clinton’s surplus to an ocean of red ink. In truth, the average Bush deficit during eight years as President amounted to 2.7 percent of the Gross Domestic Product—slightly better than the 45-year-average deficit of 2.9 percent, going back to President Kennedy.

As Bush pointed out in his last press conference, he came in with a recession already underway and left office with a new recession just getting started, but in between the nation saw 52 consecutive months of job growth. If Congress backs a huge new stimulus program, Obama’s first year will double, triple or even or even quadruple as a percentage of GDP, but it’s unlikely the Obama-infatuated media will blame him for this scary imbalance in the federal budget.