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Barack Obama Is Totally Torpedoing Deficit Levels
Any debate about debts and deficits becomes much more robust when the numbers are considered relative to the size of the economy.
"Under Obama, the deficit is falling from 10% of GDP to just 3%," tweeted MSNBC's Ari Melber. "But only 6% of America knows it.
There's often a misconception that a democratic President would be more likely to raise these ratios by promoting big government.
But the reality is quite the opposite.
As you can see from this chart from Deutsche Bank's David Bianco, Obama has been one of the most effective presidents in American history to reduce deficit levels.
On a related note, the latest jobs report showed that Obama continues to be a destroyer of government jobs.
Any debate about debts and deficits becomes much more robust when the numbers are considered relative to the size of the economy.
"Under Obama, the deficit is falling from 10% of GDP to just 3%," tweeted MSNBC's Ari Melber. "But only 6% of America knows it.
There's often a misconception that a democratic President would be more likely to raise these ratios by promoting big government.
But the reality is quite the opposite.
As you can see from this chart from Deutsche Bank's David Bianco, Obama has been one of the most effective presidents in American history to reduce deficit levels.
On a related note, the latest jobs report showed that Obama continues to be a destroyer of government jobs.
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