Guess is that 2010 election has an effect.
RE: Guess is that 2010 election has an effect.
PRECISELY. People forget that it is CONGRESS who holds the purse strings.
In every single budget battle from January 2011 to now, it is CONGRESS ( the one who got elected in 2010 via a HUGE landslide ) that was PREVENTING Obama and the Dems from spending more than the government took in.
It was Congress that really presented a budget that the Democratic Senate refused to pass ( and they refused to even give their own budget ), resulting in temporary continuing resolutions to fund the government.
It was CONGRESS that STOPPED Obama from implementing his proposed budget busting budget ( heck not even one of his Democratic legislators voted for it ).
I don’t know how we can credit Obama for this surplus at all.