Changes

The '''Obama administration fiscal policy''' is currently a ruinous [[fiscal policy]] involving [[Obama administration deficit spending|government spending at unprecedented levels]].  The [[Obama administration]] fiscal policy is burying Americans under a mountain of debt.

The '''Obama administration fiscal policy''' was a ruinous [[fiscal policy]] involving [[Obama administration deficit spending|government spending at unprecedented levels]].  The [[Obama administration]] fiscal policy buried Americans under a mountain of debt.

Under the Obama administration, the [[budget deficit]] reached an all-time high of $1.416 trillion (10.0% of GDP) in fiscal year 2009. Spending fell and revenues rose in fiscal year 2010, resulting in a lower budget deficit of $1.294 trillion (8.9% of GDP).<ref>Benen, Steve. "Deficit Shrinks From Last Year's Record." October 15, 2010. Washington Monthly. http://www.washingtonmonthly.com/archives/individual/2010_10/026151.php</ref>

Under the Obama administration, the [[budget deficit]] reached an all-time high of $1.416 trillion (10.0% of GDP) in fiscal year 2009. Spending fell and revenues rose in fiscal year 2010, resulting in a lower budget deficit of $1.294 trillion (8.9% of GDP).<ref>Benen, Steve. "Deficit Shrinks From Last Year's Record." October 15, 2010. Washington Monthly. http://www.washingtonmonthly.com/archives/individual/2010_10/026151.php</ref>