
Entry 101Feb 23, 2009
“Today I'm pledging to cut the deficit we inherited by half by the end of my first term in office”101
101President Barack Obama, President of the United States, Fiscal Responsibility Summit, February 23, 2009. Source
Why it’s on the record. The nonpartisan Congressional Budget Office estimated the annual deficit for fiscal year 2012, the last full year of Obama's first term, at approximately $1.1 trillion, which was not half of the $1.4 trillion deficit from 2009.
On tape
Where this comes from
- TranscriptRead it on presidency.ucsb.edu
- Why it’s on the recordSource: politifact.com
Every word on the shirt was matched against the record before it was printed. If we ever get something wrong, please correct us.
On the record
Obama pledged to reduce the national deficit by half during his first term.
- Said by
- President Barack Obama, President of the United States
- Where
- Fiscal Responsibility Summit
- When
- Feb 23, 2009
- Source
- Fiscal Responsibility Summit, February 23, 2009