You lie! PolitiFact rates Obama's 60 Minutes claim on deficit responsibility as false

When asked about the still-soaring national deficit, President Obama replied this way:

"Over the last four years, the deficit has gone up, but 90 percent of that is as a consequence of two wars that weren’t paid for, as a consequence of tax cuts that weren’t paid for, a prescription drug plan that was not paid for, and then the worst economic crisis since the Great Depression," Obama said. "Now we took some emergency actions, but that accounts for about 10 percent of this increase in the deficit."

Tampa Bay Times' Pulitzer Prize winning PolitiFact said Obama's claim is FALSE.

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