I should cut him some slack, he’s only $7.59 trillion off.

He’s obviously just making shit up, this year’s record-high deficit is projected to hit $1.5 trillion, so according to this guy Obama’s reduced the deficit by $6.5 trillion.

September 10, 2008:

(WSJ) — The federal deficit is expected to hit $407 billion for fiscal 2008 (which ends at the end of this month) and $438 billion next year. Still, the deficit is expected to be only 3% of GDP, which is in line with the average of the last 30 years. We hope Congress and the Presidential candidates don’t obsess over the deficit per se, because the real fiscal drag from government comes from how much it spends, not how much it borrows.