YOUR JOB??? Obama said His proposed budget would "cut our deficit in half by the end of my first term." Barack Obama on Tuesday, March 24th, 2009 in in a news conference. PolitiFact | Obama promises to cut the deficit in half in four years BUT here is the reality: Bush Deficit 2008 $482 billion Obama in 2009 $1.4 Trillion - 2010 $1.29 Trillion - 2011 $1.27 Trillion - 2012 $1.6 Trillion Total DEFICIT for 4 years.. $5.56 Trillion. Promised cut cut by 1/2 the deficit of $482 billion or down to $241... BUT instead of CUTTING... BALLOONED! EXPLODED! $5.56 Trillion! This means Obama SPENT 2,307% MORE then he predicted he would CUT deficit to $241 billion! So HOW long would you have YOUR job if you told your boss you'd cut by half your expenses BUT you spent 2,307% MORE???