If you consider the "deficit" to be the annual difference between tax receipts and expenditures then all praise to Obama. Except of course if you look at actual amount of the deficit compare that to historical amounts and you discount the "percentage reduction" argument. The percentage reduction argument fails to recognize the unprecedented, enormous, humongous denominator of $1,400,000,000,000.00 of single year "deficit" spending.
And yes, I know, it's Bush's fault. Although one might recall that the last Republican majority in both houses and the white house had a whooping $160,000,000,000.00 planned annual deficit based on an actual budget.
Ah to only have Clinton back, I mean Bubba not Hillary. When's the last time the Obama administration did an annual budget. I know, not really necessary, it's cumbersome, time consuming and let's face John Q Public thinks it messy.
So in the meantime, let's keep pumping the ole Federal Reserve, payoff our donors and find some new special interest to hand out favors to so they can like us. Just today, the administration said it was unfair, inequitable for Olympian medal winners to pay taxes on the winnings. A couple more hundred pages to the monstrous tax code. Maybe they can get the Olympians to sign up for ObamaCare and send out some cool tweets on how great to be part of the "community".
In the mean time, the actual debt is 1.5 times our nation GDP. Not too bad if your a country by the Mediterranean Sea with 1 in 3 workers government employees. Of course your sovereignty is a bit diluted with so many rules coming down from Brussels. Kinda hard to get those "good ole middle class manufacturing jobs" back in the USA when your major competitor is also your banker.
Or as Pelosi said, we can just free ourselves from "job lock". Everybody can write poetry, compose songs, and paint while waiting in line to see the doctor.