In 2010, as congressional Democrats moved to enact Obamacare, Sen. Orrin Hatch echoed fellow Republicans in denouncing “trillion-dollar deficits as far as the eye can see.”
In fact, the record trillion-dollar deficit former President Barack Obama inherited was falling even then as the economy recovered from recession and financial crisis. By the time Obama left office last January, it dropped by two-thirds as a share of the U.S. economy.
