Yes he did, but it was at the end of the Second World War, and it took the US 40 years to reduce national debt back to levels of just before that war.
The most insane part of today's deficit spending is that it goes for no apparent purpose beyond paying off the Democrats' political supporters.
“Yes he did, but it was at the end of the Second World War,”
Right. I meant that he didn’t do so during the 1930’s when he was trying to stimulate the economy. I would say that every penny spent on WWII was money well spent. But as that example shows, even when debt rose above 100% of GDP, it was possible to knock that down to more manageable levels over a period of decades. There’s no indication Obama has plans to do that.