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  • I love listening to these guys give us lectures about debt and deficits. I inherited a trillion-dollar deficit. ... This notion that somehow we caused the deficits is just wrong. It's just not true. ... If they start trying to give you a bunch of facts and figures suggesting that it's true, what they're not telling you is they baked all this stuff into the cake with those tax cuts and a prescription drug plan that they didn't pay for and the wars.

    "Remarks at an Obama Victory Fund 2012 Fundraiser in Baltimore, Maryland". www.presidency.ucsb.edu. June 12, 2012.
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