obama's assertion fails on three grounds. first, the wars, tax cuts and prescription drug programs were implemented in the early 2000's yet by 2007 the deficit stood at $161 billion. when our colleagues across the aisle took over the congress, the deficit stood at $161 billion. i go back to quote. how could these stable policies have suddenly caused trillion-dollar deficits beginning in stpwhine obviously what happened was collapsing revenues from the recession along with stimulus spending. second the president's $8 trillion figure minimizes the problem. recently, c.b.o. data indicated 10-year baseline deficit closer to $13 trillion if washington maintains today's tax and spend policies whereby discretionary spending grows with the economy, we're spending, obama care is implemented and congress spends the bush -- extends the bush tax cuts. and the medicare doc fix. thunder realistic baseline the 10-year cost of extending the bush tax cuts $3.2 trillion, the medicare drug entitlement, the iraq and afghanistan spending add up to $4.7 trillion, approximately 1/3 of the deficit, thirdly and most importantly, the white house meth