After four straight years of $1-trillion plus deficits, the non-partisan CBO said that Obama's plan would lead to a $669 billion deficit for fiscal 2013 that ends September 30 and a $675 billion deficit for fiscal 2014 year.
CBO said that because Obama's budget increases revenues by $974 billion over the next decade, largely by raising taxes and limiting deductions for the wealthy, it would result in a $5.2 trillion cumulative deficit over the fiscal 2014-2023 period. That compares with CBO's own $6.3 trillion cumulative deficit estimate based on current law.
So it turns out that President Obama isn't the biggest, spending-est guy in the WH after all. Of course, the GOP will never admit that. They can't let the facts get in the way of their false narrative of Barack Obama being the biggest spending president in American history.