Well, let’s look at the numbers. When President Obama took office in 2009 the deficit was already running at close to a record-setting pace. At the end of that fiscal year, it was $1.4 trillion. That’s “trillion” with a “T”. Ouch.
Fiscal 2012 ended on Sept. 30. The final figures aren’t yet in, but at the moment the Congressional Budget Office projects the deficit will be ... (drum roll) $1.1 trillion. So smaller. Not doubled at all.
