LOL, no they don't. It took 42 presidents and roughly 230+ years to amass that much debt. It took Obama 5 years to accrue HALF of that amount.
Debt on September 30, 2009: $11,909,829,003,511.75
Debt as of today: $17,413,220,474,647.90
Moving it up 9 months does not change the fact that Obama has spent more money, and put us in more debt than Bush.
Current U.S. Federal Budget Deficit
How It Impacts the US Economy
For Fiscal Year 2014 (October 1, 2013 -September 30, 2014) the U.S. Federal budget deficit will be $280 billion. That's because U.S. government spending, budgeted at $3.318 trillion is higher than projected U.S. government revenue, only $3.034 trillion. This is the lowest deficit since the recession, and is tiny compared to the record budget deficit of $1.4 trillion set in FY 2009.
It's also lower than the President's budget, which projected a $744 billion deficit. The lower amount is because Congress cut small amounts of the discretionary budgets for most departments.
What Caused The Recent Massive Budget Deficits?:
Most people blame the deficits on the 2008 financial crisis. However, that's only half the real story. These huge deficits were a result of four factors, and only the first two were related to the recession.
First, the $787 billion economic stimulus package was launched by newly-elected President Obama in March 2009. It cut taxes, extended unemployment benefits, and funded public works projects to create jobs directly. This expansionary fiscal policy was needed to kick-start the economy out of recession, which it did in the second quarter of 2009.
Second, the recession reduced Federal income. As the economy tanked, so did tax revenues. Government income fell from its all-time record of $2.568 trillion in FY 2007 to $2.1 trillion in FY 2009. It still hadn't recovered by FY 2012, reaching only $2.45 trillion.
The third reason has more to do with the attacks on 9/11 than the recession. The War on Terror drove military spending to a pre-recession record of $671 billion in FY 2007. Despite declines in revenue from the recession, defense and security-related spending increased as follows:
FY 2008 - $686 billion.
FY 2009 - $808 billion.
FY 2010 - $851 billion.
FY 2011 - $847 billion.
FY 2012 - $810 billion.
FY 2013 - $780.7 billion.
FY 2014 - $793.2 billion.
The fourth reason is that mandatory spending has increased. Spending to pay benefits for Social Security, Medicare and other mandated programs has been more than $2 trillion a year since FY 2011. These payments consume most of the revenue in each year. They cannot be changed without an act of Congress. This is difficult to do politically, since any benefits that are cut will take money out of the pockets of current beneficiaries.(Source: U.S. Office of Management and Budget, FY 2014 Budget Summary Table S-12)
It is very easy to say - look ... Obama did it!
It is not as easy as that....