2009 US Deficit 7: Conclusion
Channel: cpr5445
Date: 06/01/2013

This video is part of a series of videos examining factors contributing to the record 2009 deficit.

Video 7 concludes the examination of the factors which contributed to the 2009 deficit, and which continued to have an impact on subsequent budgets. Each factor is reviewed and the contribution to 2009 spending and deficit is identified.  Bush economic policies contributed at least 586 billion dollars to spending in 2009. The impact of the Great Recession on fiscal 2009 was between 400 and 750 billion dollars.  Bush Administration efforts to combat the Great Recession added another 245 billion dollars to 2009 spending.  The efforts of the Obama Administration to combat the Great Recession had about a 203 billion dollar impact on fiscal 2009. Obama administration policies unrelated to efforts to combat the recession have been calculated at a low of 31.5 billion to a high of 64.5 billion.  Therefore, the record 2009 deficit was primarily the result of the Great Recession and Bush Administration spending.  The Obama Administration was responsible for slightly less the 20 percent of the deficit.