The Importance Of Deficit In President Obama

Improved Essays
Throughout President Obama’s two terms it could clearly be seen that deficit has decreased by a significant amount. According to the nonpartisan Congressional Budget office numbers show that this year deficit has been the lowest ever since Obama has served. These major differences occurred because of cuts in federal spending and because of economic growth. Most estimates conclude that unemployment rate will actually go down due to more encouragement for the people in the work force. Also, the amount of U.S. residents that do not have health insurance will decrease mainly because of the Affordable Care Act. Although there are many positive outlooks on the idea of a fallen deficit maintaining for a few years, there is also the issue of slower

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