Reply #16: The glaring half truth and misinformation I see is from Baker

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He quotes claims that the President's statement that "the deficit was on track to top $1 trillion the year I took office” was "seriously mistaken", citing January 2008 CBO projections of a $198 billion as evidence that the deficit was absolutely not “on track to top $1 trillion” in January 2009.

In fact, in January 2009, BEFORE the President took office, the CBO issued a projection of a $1 trillion deficit.

Now those who want to defend Baker will say that he wasn't saying Obama was wrong about the size of the deficit, but rather about the "source" claiming that it wasn't government spending, but rather the housing bubble-driven economic collapse. But you can't talk about the impact of the housing bubble collapse on the deficit without also talking about the fact that bush cut taxes while keepin up spending which ate up the surplus we once had and put us in the precarious position where the economic collapse could only be dealt with through more deficit spending.