Our current wars are actually heavily funded through emergency spending bills, which are off-budget and not included in deficit calculations.<p>Edit: Also, the 2009 deficit of $1.2 trillion was announced on Jan 7, 2009, two weeks before Obama took office. <a href="http://money.cnn.com/2009/01/07/news/economy/cbo_2009_budget_outlook/index.htm" rel="nofollow">http://money.cnn.com/2009/01/07/news/economy/cbo_2009_budget...</a>