Assessing President Obama’s Fiscal Record.pdf

Key Points:

 Spending surged 18% in 2009 reaching 25% of GDP - the highest since World War II

 Deficits exceeded $1 trillion in each of the four years of the President’s term

 Gross debt has increased over $5 trillion since the President was inaugurated

 Even adjusting for a weak economy and Bush-era policies, President Obama has signed legislation increasing deficits by $1.6 trillion over his term

 Republicans in the 112th Congress have stopped the spending spree and have forced the President to accept over $2.3 trillion in future deficit reduction