Vitus Commentary

Useful to keep in mind. [Ritholtz]

• George W. Bush is sworn in on January 20th, but his first budget does not take effect until October 1, 2001:
• 10/1/2001: Bush starting deficit – $5.8 trillion
• 9/30/2009: Bush ending deficit – $11.9 trillion
• Bush debt contribution: $6.1 trillion
• Barack H. Obama is sworn in on January 20th, but his first budget does not take effect until October 1, 2009:
• 10/1/2009: Obama starting deficit – $11.9 trillion
• 9/30/2011: Obama ending deficit – $14.8 trillion
• Obama debt contribution: $2.9 trillion