Much of the debt the U.S. has is because of : 1. The Iraqi war (which Obama finally ended) and the Afganistan war, which Obama plans to wind down in 2014. These wars were never even put on the books by GW Bush, so Obama put their expense on the books — which of course showed up as a huge debt. Plus since Bush took out huge loans to finance the wars, we also owe huge sums on the interest we are paying on these wars. 2. The Bush tax cuts which leave us with the lowest rate of taxation in 60 years. 3. The implementation of Bush’s medicare part B, which I agree with — but it is very expensive.

Much of Obama’s spending was to repair the economic damage he inherited. Now, if all of the stimulus proposals Obama wanted to pass had actually gotten through Congress (the Republicans overroad most of them) Obama’s expenditures would have been much higher — but the unemployment rate would have been much lower. So there you have it.