Skip to content
Catholic Online Logo

By Catholic Online (NEWS CONSORTIUM)

10/31/2013 (2 years ago)

Catholic Online (

Only exception was the one government ran in 1943, during World War II

Save for one brief period during 1943, at the height of World War II, U.S. President Barack Obama has presided over five of the six largest annual budget deficits in the country's history.

These characters from 1943 are doffing their hats to a future America where the deficit runs at least five times as high under the reign of President Obama.

These characters from 1943 are doffing their hats to a future America where the deficit runs at least five times as high under the reign of President Obama.


By Catholic Online (NEWS CONSORTIUM)

Catholic Online (

10/31/2013 (2 years ago)

Published in Politics & Policy

Keywords: Deficits, World War II era, Vietnam War era, President Obama

LOS ANGELES, CA (Catholic Online) - According to the Monthly Treasury Statement for fiscal 2013, which ended September 30, the deficit was $680.276 billion. In contrast, fiscal 2012, the deficit was $1.089193 trillion; in fiscal 2011, it was $1.296791 trillion; in fiscal 2010, it was $1.294204 trillion; and, in fiscal 2009, it was $1.415724 trillion.

The last full year that George W. Bush was president, the deficit was $454.798 billion in 2008.

Even when adjusted for inflation, the $680.276 billion fiscal 2013 deficit is only exceeded by one pre-Obama deficit - the one the U.S. government ran in 1943, during the height of World War II. The deficit was $54,554,000,000 - or $738,367,890,000 in inflation-adjusted 2013 dollars.

It's staggering: The 2013 deficit of $680.276 billion has exceeded the other annual deficits of the World War II era as well as the annual deficits that the U.S. government ran during World War I, the Vietnam War, or the final years of the Cold War.

Elected on November 4, 2008, Obama was elected a little over a month after the beginning of fiscal 2009. He was inaugurated on Jan. 20, 2009, almost four months into fiscal 2009. On Feb. 17, 2009, less than a month into his first term, and less than five full months into fiscal 2009, he signed the American Recovery and Reinvestment Act-an "economic stimulus" law that the Congressional Budget Office has estimated would increase the deficit by $833 billion over ten years.


Year                Deficit

2013              680,276,000,000

2012              1,089,193,000,000

2011              1,296,791,000,000

2010              1,294,204,000,000

2009              1,415,724,000,000

2008             454,798,000,000

2007             161,527,000,000

2006             248,197,000,000

2005             318,746,000,000

2004             412,845,000,000

2003             377,139,000,000

2002             157,791,000,000

2001             (127,276,000,000) [surplus]

2000              (236,917,000,000) [surplus]

1999             (124,360,000,000) [surplus]

1998             (69,242,000,000) [surplus]

1997             21,957,000,000

1996             107,431,000,000

1995             163,952,000,000

1994             203,186,000,000

1993             255,051,000,000

1992             290,321,000,000

1991             269,238,000,000

1990             221,036,000,000

1989             152,639,000,000

1988             155,178,000,000

1987             149,730,000,000

1986             221,227,000,000

1985             212,308,000,000

1984             185,367,000,000

1983             207,802,000,000

1982             127,977,000,000

1981              78,968,000,000

1980              73,830,000,000

Vietnam Era

Current Dollars; 2013 Dollars

1968             25,161,000,000            
1969                294,000,000

World War II Era

Current Dollars; 2013 Dollars

1946               15,936,000,000                                              191,353,770,000

1945               47,553,000,000                                            618,582,630,000

1944               47,557,000,000                                            632,694,550,000

1943               54,554,000,000                                            738,367,890,000

1942               20,503,000,000                                            294,524,970,000

1941               4,941,000,000                                             78,702,740,000

World War I Era

Current Dollars; 2013 Dollars

1919                      13,363,000,000                                    180,863,180,000

The annual deficit numbers for 1997-2013 come from the Monthly Treasury Statements. the annual deficit numbers for 1919 through 1996 come from the Historical Tables of the Office of Management and Budget.

A birth foretold: click here to learn more!


Pope Francis: end world hunger through 'Prayer and Action'

Copywriter 2015 - Distributed by THE NEWS CONSORTIUM

Pope Francis Prayer Intentions for October 2015
That human trafficking, the modern form of slavery, may be eradicated.
Evangelization: That with a missionary spirit the Christian communities of Asia may announce the Gospel to those who are still awaiting it.


More Politics & Policy

Who's really dying? Tragic reports surface revealing Russia kills more civilians than ISIS militants Watch

Image of


Between meetings for the climate summit in Paris, U.S. President Barack Obama and Russian President Vladimir Putin met for a thirty-minute talk concerning the Syrian crisis and Ukraine situation. LOS ANGELES, CA (Catholic Online) - One official reported President Obama ... continue reading

'We cannot succumb to fear': U.S. joins France in fight against ISIS Watch

Image of U.S. President Barack obama has decided to join forces with France in eliminating ISIS.


Following a meeting with French President François Hollande, United States President Barack Obama has proclaimed "total solidarity" with France. LOS ANGELES, CA (Catholic Online) - President Obama believes the declaration of solidarity, alongside his trip to Paris for ... continue reading

U.S. throws doors open to Syrian refugees - despite identity of Paris terrorist suspect as disguised refugee Watch

Image of It's not yet known how many more additional refugees the U.S. may take in beyond the originally state 10,000. Two senior administration officials say they are seeking ways to take in even more.


Even after it was learned that a key terrorist in the recent attacks in Paris, 25-year-old Ahmed Almuhamed, snuck into France after he was rescued from a sinking shop off the coast of Greece posing as a Syrian refugee, the Obama administration continues to ... continue reading

Supreme Court to hear arguments over Texas abortion clinic ruling Watch

Image of Lawmakers have put major restrictions of abortion since 2010, but none as far-reaching and strict as Texas' HB2.


A measure passed in the State of Texas, HB2 in 2013 has led to the closure of half of that state's abortion clinics. Now, the Supreme Court will hear arguments over the Texas law that has been among the most crucial in the ongoing national dialogue regarding ... continue reading

PUT TERRORISTS IN COLORADO? Law enforcement officials question Guantanamo Bay closure Watch

Image of Obama's Defense Secretary recently said that around half of the remaining 112 prisoners at Gitmo must be locked up


United States President Barack Obama has long promised to close Guantanamo Bay, a holding facility for suspected terrorists at a U.S. naval facility in Cuba. The question, as posed by dozens of law enforcement officials in a letter to the president . where do ... continue reading

What has the United States Government done with $5.9 billion? Watch

Image of American taxpayers gave the United States government $5.9 billion in foreign military financing last how was it distributed?


Each year Americans complain about paying taxes, much of which is distributed to foreign military aid. So where have all the funds gone? LOS ANGELES, CA (Catholic Online) - According to the United States government's Foreign Assistance report, $5.9 billion was directed ... continue reading

You won't believe how Trump and Carson have become a disrupting force in the Republican Party! Watch

Image of Donald Trump and Ben Carson's popularity has other Republican presidential candidates sweating.


Republican presidential hopefuls Ben Carson and Donald Trump have disrupted Republican politicians and have many questioning where the United States is headed should either become the next American President. LOS ANGELES, CA (Catholic Online) - Members of the ... continue reading

Fourth Presidential debate asks the hard questions Watch

Image of The Fourth Republican Debate gave presidential candidates several opportunities to shine -but who took advantage of the spotlight?

By Kenya Sinclair (California Network)

The fourth Republican presidential debate took place at the Milwaukee Theater Tuesday night. Candidates were asked the big questions ranging from how they felt about protester demands for a $15 minimum wage to the deportation of 11 million illegal immigrants in the ... continue reading

Court halts Obama's executive orders with Obama's own words! What were they? Watch

Image of Obama's own words were used to stop him from changing the law as he pleased.

By David Drudge (California Network)

A federal appeals court has used Obama's own words to halt his growing use of executive orders that allow him to rule by edict. Their decision specifically halts his edict that shields 5 million illegal immigrants from imminent deportation and that he does not have the ... continue reading

Social Security administration hits unbelievably new record in spending - You won't believe the numbers! Watch

Image of This latest figure represents a substantial increase from the $910,394,720,000 the Social Security Administration spent in fiscal 2014.


Hitting a record $944,143,000,000 in fiscal 2015, the Social Security Administration reached an all-time in spending. The inclusive payments for this bureau include payments for Social Security and disability benefits in addition to Supplemental Security Income ... continue reading

All Politics & Policy News


Newsletter Sign Up icon

Stay up to date with the latest news, information, and special offers

Subscribe to Catholic OnlineYouTube Channel

the FEED
by Catholic Online

  • Daily Readings for Tuesday, December 01, 2015
  • Pope Francis does the unthinkable following emotional tragedy in ...
  • Prayer For Faith HD Video
  • Parents' Prayer For Their Children HD Video
  • 'Body lifted from the ground': Young Central American woman dies ...
  • St. Eligius: Saint of the Day for Tuesday, December 01, 2015
  • Opium, heroin or cocaine: What drug is YOUR country known for?

Daily Readings

Reading 1, Isaiah 11:1-10
1 A shoot will spring from the stock of Jesse, a new shoot will grow from ... Read More

Psalm, Psalms 72:1, 7-8, 12-13, 17
1 [Of Solomon] God, endow the king with your own fair judgement, the son ... Read More

Gospel, Luke 10:21-24
21 Just at this time, filled with joy by the Holy Spirit, he said, 'I ... Read More

Saint of the Day

Saint of the Day for December 1st, 2015 Image

St. Eligius
December 1: Eligius (also known as Eloi) was born around 590 ... Read More