it's funny that you don't understand the federal budget.
the fiscal year begins 10/1. the 2009 budget was submitted by bush, it's predicted to result in about a $1.3 trillion deficit. remember the tarp spending? george's.
what obama is setting as the goal is to reduce the deficit (the one he inherited btw) by one half this amount via the 3 budgets he will have submitted by the end of his current term.
so no, in answer to your post, if obama succeeds he will have reduced bush's deficit by one half, and he will have actually accomplished just what he set out to do.
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