when Obama said: "cut our deficit in half by the end of my first term." Barack Obama on Tuesday, March 24th, 2009 in in a news conference. BUT here is the reality: Bush's deficit in his last year of 2008 was about $482 billion. Remember Obama said he'd cut the deficit ($482 billion) in half ($241 billion is 1/2) Obama's deficits: 2009 $1.4 Trillion - 2010 $1.3 Trillion - 2011 $1.3 Trillion - 2012 $1.6 Trillion Total DEFICIT for 4 years.. $5.56 Trillion!!! Promised to cut by 1/2 the deficit of $482 billion down to $241 billion BUT.......... BUT instead of CUTTING... the deficit BALLOONED! EXPLODED! $5.56 Trillion! Obama MISSED his promise of cutting deficit in half by 2,300% he ballooned, blew up and came in our mouths when he said he wouldn't! Obama’s Broken Deficit Promise - ABC News Obama also ACCEPTED, NEVER REJECTED, DISPUTED or say it was wrong!!! The report, entitled “The Job Impact of the American Recovery and Reinvestment Plan,” was released on Jan. 9, 2009. It was put out by the office of the president-elect was written by economists Christina Romer and Jared Bernstein. Romer would become chairwoman of the Council of Economic Advisers for President Obama. Bernstein was Vice President Biden’s chief economic advisor. Page four of the report features a chart projecting the unemployment levels with and without the stimulus. With the stimulus, the Romer and Bernstein predicted that unemployment would never rise past 8 percent, and would peak just under that in the third quarter of 2009 before steadily declining to around 5.6 percent by today [August 2012]. Without the stimulus, they predicted that unemployment would peak around 9 percent in the third quarter of 2010 before declining to around 6 percent today. Team Obama said in AGAIN many people say Obama NEVER Promised 6% unemployment... NO BUT HE DIDN"T DISAGREE WITH the above REPORT that DID!