PRESIDENT OBAMA: By the time I took office, we had a one year deficit of over $1 trillion and projected deficits of $8 trillion over the next decade. Most of this was the result of not paying for two wars, two tax cuts, and an expensive prescription drug program. On top of that, the effects of the recession put a $3 trillion hole in our budget. All this was before I walked in the door....
"Not exactly," according to Noel Sheppard at News Busters:
After all, on March 14, 2008, then Sen. Obama voted in favor of the 2009 budget which authorized $3.1 trillion in federal outlays along with a projected $400 billion deficit.
The 51-44 vote that morning was strongly along party lines with only two Republicans saying "Yes."
When the final conference report was presented to the House on June 5, not one Republican voted for it.
This means the 2009 budget was almost exclusively approved by Democrats, with "Yeas" coming from current President then Sen. Obama, his current Vice President then Sen. Joe Biden, his current Chief of Staff then Rep Rahm Emanuel, and his current Secretary of State then Sen. Hillary Clinton.
.... Sadly, Obama-loving media care not to address this inconvenient truth.
But that's just the beginning, for on October 1, 2008, Obama, Biden, and Clinton voted in favor of the $700 billion Troubled Assets Relief Program (TARP) designed to prevent teetering financial institutions from completely destroying the economy.....
YEAs ---74 Akaka (D-HI)
... Obama approved every penny spent in fiscal 2009 either via his votes in the Senate or his signature as President.