Monthly Archives: April 2012
When George W. Bush left office he did so with a $1.4 trillion deficit.
President Barack Obama hasn’t fully erased the deficit but he has reduced it by $400 billion, and it is estimated by 2013 the deficit will be $800 billion, instead of $1.4 trillion.
How much money is $600 billion? The entirety of the Medicaid program, for example, costs around $300 billion. This means the money saved by President Obama that was being spent by President Bush could triple the yearly budget of Medicaid.