- Mar 11, 2015
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Fake newsand along comes Trump - ZAP.
- FY 2010 - Obama's first budget created a $1.294 trillion deficit.
- FY 2011 - This budget contributed $1.3 trillion to the debt.
- FY 2012 - The deficit was $1.087 trillion.
- FY 2013 - This was the first Obama budget where the deficit, $679 billion, was less than $1 trillion. Thank sequestration, which forced a 10 percent cut in spending.
- FY 2014 - The deficit was $485 billion.
Either way, Trump's economy is gaining us at least 7 or 8% GDP growth -- that makes the tax cuts more than able to pay for themselves in the next 2 years
2.2 percent GDP is predicted for this year. And this fiscal year ends in October.