The CBO put the deficit for the just ended fiscal year at 2.4% of GDP, below 50-year average.
The Republican Holy Grail of sequestration, the idea they were so proud of that they bragged about it and begged for it for years, has turned out to be a total failure. The fallout resulting from their slapdash, chaotic efforts to drown the baby with the bathwater continues.
Obama is slowing the growth in spending better than any other President in 60 years! The federal budget has grown 1.4% in Obama's first term, compared to Reagan who increased spending by 8%.