From the Campaign Spot:

I keep hearing people talk about the deficit that Obama inherited, but it’s nonsense. The accumulated deficit for the past three months amounts to 89 percent of the entire total for the last fiscal year. This includes April of this year, which is the month the government collects all those income-tax checks.

Even better, Obama’s deficits are getting so big that the United States government is in danger for the first time of losing its top-line bond rating, which means that interest on the debt will go sky-high.