Jane Faox (Letters, May 30) suggests she is "so tired of hearing how the deficit has grown under Obama," and that we look at how the deficit "has decreased since 2009."
President Bush in eight years had deficits totaling $3.368 trillion. Obama by the end of fiscal 2012 will be responsible for deficits totaling $5.681 trillion. This might be why people have the opinion "the deficit has grown in the last four years."
Deficits did decrease from $1.55 trillion in 2009 to $1.367 trillion in 2011, but all deficits from fiscal 2009 to fiscal 2012 are over twice the $642 billion fiscal 2008 deficit under Bush. The 2012 deficit projection if $1.394 trillion is $27 billion more than 2011!
Jane and I agree the national debt is a "difficulty." Interest payments on the debt -- paying only interest -- have gone from $275 billion in 2001 to $337.4 billion this year. If nothing changes with our U.S. government spending, then interest payments by 2016 are projected at $588.8 billion while defense spending that year is projected at $578.3 billion.
Never miss a local story.
Today, the government will overspend by some $3.82 billion, one-fourth of which is paying interest on the national debt.
Tom Riel, Kennewick