Sorry, but this point of view is nonsense. See, we had this little thing called a financial meltdown, and the largest part of that $1.4T was flooding the system with dollars to stave off an out and out collapse. So, from Obama's point of view, that 1.4 was going to be required by whoever was in office, and since then they've lowered it to $750B, so yes, they have cut the deficit by about 50%.