I knew he'd say this...

...and it's a lie.

President Barack Obama, blaming the deficit on George W. Bush.

"We tried to do that for eight years..."

Here, again, is the deficit over the past two decades, color-coded by the party in control of the House of Representatives.



Note that the deficits increased as the internet bubble popped. Note that the destruction of 9/11 and the wars in Afghanistan and Iraq increased the deficits.

And note that they were on their way back down when the Democrats took control of the budget-writing body.

This deficit is not George W. Bush's deficit. It's the Democrats' deficit, Nancy Pelosi's deficit. Barack Obama's deficit.