Reality Check:
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Good charts on Debt/Deficit Breakdown from Bush to Obama:
http://www.theatlantic.com/politics/archive/2011/07/the-chart-that-should-accompany-all-discussions-of-the-debt-ceiling/242484/
http://www.nytimes.com/interactive/2009/06/09/business/economy/20090610-leonhardt-graphic.html
http://www.whitehouse.gov/infographics/us-national-debt
How pieces of the Debt/Deficit pie breakout:
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* Recessions or the business cycle – loss of Revenue (37%);
* Policies enacted by President Bush (33%) Iraq/Afghanistan Wars Unfunded/Medicare D $1 Trillion Unfunded/2 Tax Cuts Unfunded;
* Policies enacted by President Bush and supported/extended by President Obama – Tax Cut Extensions (Now funded), Medicare D (now funded), Ongoing War Costs (now funded), etc… (20%); and
* New policies from President Obama (10%) $787 Billion Stimulus package/40% Tax Cuts.