No, the reason the deficit exploded under Bush, was two wars, creating the biggest government bureaucracy in US history (Homeland Security), the prescription Medicare bill (which was an enormous handout to Big Pharma), and along with the Clinton era deregulation, creating an anything goes attitude towards Wall Street, with predictable financial results. Oh yeah, and two huge tax cuts, as to make all of the above completely unfunded. So pardon me if I laugh when I hear conservatives now speak of 'living beyond our means' and' saddling our grandchildren with debt'.