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[LexTrader]

Here ya go buddy: "The president is fond of saying he’s cut the federal deficit in half. That’s true as far as it goes. But it’s also a fact that the federal debt has just about exactly doubled since he took office.

The deficit — the yearly difference between federal spending and revenue — was $1.4 trillion in fiscal year 2009, was down to $680 billion in the fiscal year that ended last Sept. 30, and is projected to be $514 billion when the current fiscal year ends several months from now, according to figures released Feb. 4 by the CBO. But that’s still high by historical standards — equal to 3 percent of the nation’s projected economic output. It’s nearly double the 1.6 percent average deficit between World War II and fiscal 2009.

As a result of all this deficit spending, the total debt that the federal government owes to the public has gone up 99.8 percent since the day Obama entered office, rising to $12.6 trillion.

The total debt — counting money the government owes to itself through the Social Security and other trust funds — has now reached $17.6 trillion, an increase of 65 percent. But it’s the debt owed to the public that economists consider more relevant.

The debt figures alarm budget experts. The CBO’s most recent budget outlook estimated the debt owed to the public would equal 74 percent of GDP by the end of the current fiscal year, and will rise to 79 percent in 2024 under current spending and tax laws. “Such large and growing federal debt could have serious negative consequences,” CBO stated. The continuing deficits and high interest payments could slow down economic growth and even increase the risk of another economic crisis, CBO said."
http://www.factcheck.org/2014/04/obamas-numbers-april-2014-update/