It is all relative. Except for 2008 with a Dem controlled Congress, Obama has run up the biggest deficits in history. The idea that a $435 billion deficit is a good thing is nonsense. Moreover, most of it is due to the sequester, which both parties now want to get rid of. The deficits will balloon again and if interest rates ever go back to historic norms, we will see massive tax hikes to cover increased debt servicing costs.
