Average Federal Deficit as a Percentage of GDP by Administration

Obama: The man who was gonna get our fiscal house in order

Federal Deficit as a Percentage of GDP, Barack Obama -7.3%

Since the 1960s, deficits driven largely by increased levels of spending have been the norm, while surpluses were an exception. The 2009 Congressional Budget Office deficit projection under President Obama's plan is far above the 45-year historical average of 2.2 percent of GDPGross domestic product is the total value of goods and services produced in the United States..
Here's candidate Obama in 2008 blasting Bush for enormous deficits