Two wrongs don't make a right here, but if there's going to be a coming crisis, it's going to be a bipartisan crisis that both parties are very much responsible for. I think you'd find that most Americans - Democrats, Independents and Republicans are unhappy with how much was spent under Bush, but by the same token, I don't think it's unreasonable to note that the deficit under the Obama administration last year alone was $1.074 trillion dollars while the Bush administrations had an average annual budget deficit of about $104 billion per year.

Let me repeat and rephrase given how stunning it is - the Obama administration's deficit last year alone was greater than all the deficits combined under the Bush Administration including all the war spending. I think it's fair to argue that last year was unusual but deficits are also projected to remain high for the forseeable future and the Obama administration has additional significant spending programs in the years beyond his current proposed modest spending freeze.

EDIT - I erred - I used an average of 104 billion under the Bush administration when it was an average of 104 billion under the 12 years of the Republican controlled budgets which extends into Clinton's last administration. However the data including, I believe, war expenditures can be found here (excel file): http://www.cbo.gov/ftpdocs/108xx/doc10871/Historicaltables20...