It “big league.” How much did Obama increase the federal budget YOY? (You should follow this very closely cartoon clown.)
deficit is not just a yearly construct. You can run a deficit over a quarter, a year or any other time frame. For instance a term or 2. Deficits are not the same as borrowing. you can run deficits and finance them through reserves or if you are a sovereign you could just print the money and pay the deficit. When you spend 9 trillion more than you take in even over an 8 year period. That overspending is a 9 trillion dollar deficit... (you may have also run up the debt 9 trillion.)