Deficits Are Of *This* Administration, Not Previous One

You can't blame Obama for the recession or the bank bailouts and maybe even the auto bailout. Those started on Bush's watch. But the record-setting deficits? Those are Obama's idea. He's not grappling with that problem. He created that problem, certainly in the dimensions that we're talking about. It's not one of his short-term "headaches." A headache is what usually happens out of the blue. But if a guy is banging his head against the wall, you don't want to say that one of his short-term problems is a headache. The short-term problem is that he's banging his head against the wall.

via Cafe Hayek: The Grappler.