Lets look at where this debt was created. First, two wars that where kept of the budget, and therefore officially off the debt during Bush's two terms. Obama put that cost in the budget officially. There was the Bush Tax Cuts that added approximately $1.5 trillion to the budget deficit. Medicare Part D that was unfunded in the budget, but still had to be paid for, and No Child Left Behind that was mandated yet unpaid for. Then there was the housing bubble and crash, effectively reducing government revenue and increase government cost. We bailed out the financial industry under TARP, again unfunded WITHOUT providing RULES and REGULATIONS that the money must be used to refinance mortgages. The Stimulus was the only thing that kept the country from going into a depression.
No matter how Obama tried to increase government revenue to reduce the debt, Regressive fought against it. Even when he proposed Regressive policies the fought against it. The Regressives are the major cause of government debt. They have increased the size of government every time they were in control, they in creased the debt every time they were in control. Regressive accused the Democrats of being a Tax and Spend Party. Well at least they pay for what they put in place. Regressives are the Party of Borrow and Spend. Let it be someone elses problem. As GWB said in the last year of his term, regarding the Iraq/Afghanistan wars, it will be someone else's problem.
Read the Article at HuffingtonPost