“Well, either the President misunderstood the point or he just hasn’t been well informed. If you look at the 12 years when Republicans controlled the Congress, the average annual deficit was about $104 billion. I’m not proud of that number. That’s too high. But in the three years that Democrats have controlled Congress, the average annual deficit is now $1.1 trillion. Do the math… But when it comes to spending we’re rank amateurs compared to these guys.” - Rep. Jeb Hensarling (R-TX) after Obama disputed his claim that the annual deficits Democrats complained about under Bush had now become monthly deficits under Democrat control
