Facts about Federal Deficits:
As a percent of receipts what President has had the highest DEFICIT?
SOURCE:
Historical Tables | The White House download the xls file
"Table 1.1—Summary of Receipts, Outlays, and Surpluses or Deficits (-): 1789–2019"
Starting with Nixon 1970...the greatest deficit as a percent of tax revenue... how bad was the spending compared to how much covered the spending!
Obama has had in the history from Nixon THE HIGHEST % of MORE MONEY GOING OUT then coming in!!!!
2009 Obama Receipts $2.104 trillion $1.412 Trillion Deficit or as percent of receipts -67%
2010 Obama total Federal TAX Receipts $2.162 Trillion.. $1.3 trillion Deficit meaning spent more then came in -59% of receipts deficit...
2011 Obama Receipts $2.3 trillion deficit $1.3 trillion -56% again Obama spend over 2 times what was coming in as receipts.
2012 Obama Receipts $2.4 trillion but spent $3.5 trillion meaning $1.1 trillion more spent then coming in -44%
1983 Reagan $600 billion receipts but spent $808 billion or -34% more then what came in..
1985 Reagan $734 billion came in, $946 billion went out or -28% more then came in..
1986 Reagan $769 billion in or -28% more going out
1984 Reagan $666 billion in -27% more going out
1992 Bush $1.1 trillion in but -26% more going out
1991 Bush $1.1 trillion in -25% more going out
1976 Carter $298 billion -24% more going out
2013 Obama $2.7 trillion coming in $679 billion more going out or -24%
1993 Clinton $1.1 trillion coming in $255 billion more going out or -22%
Now out of all the years of Presidents Nixon through Obama..
2000 Clinton had $2 trillion coming in and $1.7 trillion going out or a 11.6% more coming in then going out! Hurray!
1999 Clinton had 6% MORE coming in then going out
2001 Bush Had 6.4% more coming in then going out
1998 Clinton had 4.02% coming in then going out..