Yes, your narrative is not what it seems. 08 Obama had to get us out of financial crisis so spending was higher. 12 Obama spent way less. Trump is the one of the worst offenders. Don't let the facts get in the way of a good story.
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That chart is bogus. Just look at the ‘96 deficit:
https://obamawhitehouse.archives.gov/sites/default/files/omb/budget/fy2017/assets/hist01z2.xls