Karl Rove writing in The Wall Street Journal...

[F]rom Jan. 20, 2001, to Jan. 20, 2009, the debt held by the public grew $3 trillion under Mr. Bush—to $6.3 trillion from $3.3 trillion at a time when the national economy grew as well.

By comparison, from the day Mr. Obama took office last year to the end of the current fiscal year, according to the Office of Management and Budget, the debt held by the public will grow by $3.3 trillion. In 20 months, Mr. Obama will add as much debt as Mr. Bush ran up in eight years.

Bush and Obama are taking us to the same place -- economic ruin -- but they are doing so at different speeds. Bush was flying commercial while Obama is flying at supersonic speeds. One thing is clear; if our leaders don't start acting in a fiscally responsible way, the U.S. might never recover and economic depression may ensue.

I agree with most of President Obama's comments regarding Bush era spending. During his eight years in office, President Bush increased public debt by at least $2.3 trillion (including the wars in Iraq and Afghanistan).

President Obama, on the other hand, is set to increase public debt by more than $5 trillion.

If Bush was irresponsible, what does that make Obama?

Here's a chart from the Washington Post that shows our actual deficits vs. our projects deficits...

 

This chart doesn't even include health care reform!

Hmm... it's obvious that someone didn't get the memo - red ink harms self esteem.