Quote Originally Posted by BanginJimmy View Post
Not sure what where you are seeing this. Deficits under Bush dropped to as low as 161B right before the financial collapse then spikes to about 500B in 08.
So I'm correct in saying the deficit nearly tripled under Bush.

We had a 1.7T deficit in 09. That was a joint effort of TARP and about 900B in stimulus. Is that your baseline for the drop? Also deficit spending number are slightly skewed in 09 and 10 by banks repaying TARP funds.

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Every source I see says 1.4T for the end of FY09

Does the president or does he not authorize spending for for the following fiscal year? Meaning he authorized spending for 08 in 07?