Between 2009 and 2013, President Barack Obama achieved the improbable: he successfully eliminated the $1.4 trillion deficit legacy of the Bush administration, lowering it to $679 billion. That’s right: he cleaned up the mess cowboy George left behind, and things are looking up for America.
Obama has seen, and will continue to see strong opposition to his policies from Republicans despite this astonishing accomplishment. The deficit is normalizing for the first time since 1965. In addition to proving himself worthy in terms of economic recovery the president has also instituted federal healthcare reform. Even though Obama will leave office in early 2017, he will be able to set the budget for that year, so he has plenty of time for more even more reduction.
Obama’s fiscal responsibility will place a large burden on the Republican party if one of its candidates should win the presidency in 2016. There are fears that a Republican president could reverse the trend set by the Obama administration, and all the hard work done over the past eight years would be malevolently undone for no better reason than to smite Obama’s legacy.
The last time the country cleared a budget deficit was during the eight-year Clinton administration, which ran from 1993 to 2001. The trend reversed when President Bush decided to play war over in the Middle-East at the cost of FAR TOO MANY American lives, and trillions of dollars.