We’ve cut the deficit by two-thirds.
President Obama’s Commencement Address to the Class of 2016, Rutgers University
The Obama White House

We’ve rated as Mostly True an even more expansive claim by Obama — that we have cut “our deficits by almost three-quarters.” We concluded that “ the numbers check out if you start with fiscal year 2009, his first year in office. But it’s worth remembering that 2009 had a historically high deficit, and that projections show the deficit increasing again in just a couple years.” Link: .http://www.politifact.com/truth-o-meter/statements/2016/jan/12/barack-obama/we-have-cut-our-deficits-three-fourths-obama-state/

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