Were the Obama deficits due to reduced spending, higher revenue or lower interest rates?

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Were the Obama deficits due to reduced spending, higher revenue or lower interest rates?

Author: iairishcheeks (30297 Posts - Original UHND Member)

Posted at 1:03 pm on Aug 14, 2026

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Obama's failure (and Congress) was in failing to follow through on Simpson-Bowles.

Replies to: “Were the Obama deficits due to reduced spending, higher revenue or lower interest rates?”

Not ideal. [NT] [LINK] - conorlarkin - 11:26am 8/14/26 (18) [View All]
- Remember all the peael clutchers when Biden did it to help - Quest4twelve - 11:37am 8/14/26
  - It was wrong for Biden & Trump to deplete it. Do you think it was ok for Biden to do it? - NedoftheHill - 6:03pm 8/14/26
  - It wasn't CoVid, it was Ukraine and inflation caused by CoVid policy. - iairishcheeks - 11:43am 8/14/26
    - My bad...point still stands it wasn't self created by US policy/decisions. [NT] - Quest4twelve - 1:10pm 8/14/26
      - Heh. Good one. [NT] - NedoftheHill - 6:10pm 8/14/26
      - It’s self-created. By sanctioning Russia’s oil/gas you exclude them from market, cause the price up. [NT] - Eli - 4:10pm 8/14/26
      - Inflation was self created by US Policy and Decisions. - iairishcheeks - 3:54pm 8/14/26
    - Inflation was not the reason Biden tapped the SPR - Chris94 - 12:40pm 8/14/26
      - The US market was never going to run out of oil. - iairishcheeks - 12:46pm 8/14/26
        
        Of course not. But that’s not the point. - Chris94 - 12:54pm 8/14/26
        
        Who loses their jobs due to high gas prices? - iairishcheeks - 1:00pm 8/14/26
- Cheer up, the debt is about to hit $40T. [NT] - iairishcheeks - 11:37am 8/14/26
  - Massive tax cuts. Massive spending increases. Doubling the DOD budget. - Chris94 - 12:37pm 8/14/26
    - July budget deficits - Chris94 - 12:42pm 8/14/26
      - "How did you go bankrupt?" Two ways. Gradually, then suddenly." - Hemingway - iairishcheeks - 12:50pm 8/14/26
    - Every president since Clinton is responsible for this. - iairishcheeks - 12:42pm 8/14/26
      - College professors told you not to worry about deficits during downturns - Chris94 - 12:56pm 8/14/26
        
        Were the Obama deficits due to reduced spending, higher revenue or lower interest rates? - iairishcheeks - 1:03pm 8/14/26

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