Did the Obama administration have significant levels of deficit spending?
Did the Obama administration have significant levels of deficit spending?
user
Yes, the Obama administration had significant levels of deficit spending. The Obama administration doubled the national debt, from $10.6 trillion to over $20 trillion, and it implemented fiscal policies that resulted in an average annual deficit of $1.19 trillion over the course of its eight years in office.
assistant
Did the Obama administration have significant levels of deficit spending?
user
Yes, the Obama administration had significant levels of deficit spending, as they oversaw a trillion dollar increase in the national debt over eight years in office. In addition, the Obama administration passed a number of stimulus packages to spur economic growth and help tackle the financial crisis.
assistant