Barack Obama claims deficit has decreased by two-thirds since taking office | PolitiFact

Barack Obama claims deficit has decreased by two-thirds since taking office | PolitiFact: "Our ruling

Obama said since taking office the country has seen "our deficits cut by two-thirds."

His claim is accurate if you use 2009, his first year in office with an historically high deficit, as a starting point.

The claim ignores a stark reality about the deficits, however. The country’s spending is not expected to continue its downward route, according to federal forecasters, for factors that include increased interest payments on the debt and the lack of substantial policy changes for the country’s biggest programs, like Social Security and Medicare.

The deficits have largely come down as a result of the improved economy for which Obama cannot assume full credit.

We rate the claim Mostly True."



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