The blog post comparing Bush spend vs Obama's that was here a couple of days ago was fallacious because it compared the 8 years of Bush vs the 2-and-a-bit years of Obama. If you see the flow (as above) look at how the current President is taking the nation to the cleaners.
Also, interesting article from WSJ, with the following graph:
Watch the graph, see 2008-2012? That is Obama.
Reduce taxes and spend, and let the market take over. That is the only solution to this crisis.