Poor Citizen: Yes your first 2 sentences are correct. That is why Bush and his party lost the support of conservatives. A big reason Obama is President.

Your third sentence, unfortunately, is absolutely incorrect for two reasons.

1 – The President has virtually no spending authority – that belongs to Congress. The President either signs or vetoes bills. And Congress has been controlled by Democrats for almost 3 years now and Bush was a wimp when it came to vetoes.

2 – Obama and the current Congress have blown past all previous deficits already and they are just getting started. It’s not even close.