Another Romney Lie: Obama Has Not ‘Doubled’ the Federal Deficit, He Has Reduced It by Billions of Dollars

chart-deficit-reduction-under-obama

In the presidential debate, Mitt Romney said, “The president said he’d cut the deficit in half. Unfortunately, he doubled it.”

Unsurprisingly, the notion that the deficit has doubled over the last three years is a lie:

Late Friday afternoon, the Treasury Department published the official report on the U.S. budget deficit for the most recent fiscal year: $1.089 trillion. While that’s obviously still a very large budget shortfall, the deficit is $200 billion smaller than it was last year, and is nearly $300 billion smaller than when President Obama took office.

Even Politifact agrees, FWIW.

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