Your understanding is incorrect.<quoted text>
From my understanding, the federal debt rose by a trillion year on year from 2004, so it rose year on year under Bush's administration too. So to claim it rose PRECISELY because of Obama's policies is misinformed at best.
The federal debt was 56.56% of GDP in FY2000 at the beginning of the Bush administration, and rose to 69.50% of GDP in FY 2008. This is an increase of 22.9% over 8 years, or 2.86 %/ann on average.
Under Obama, The federal debt has exploded to 85.20% of GDP in FY2009, 97.82% of GDP in FY 2011, and is estimated to hit 107.84% of GDP in FY 2014 and essentially remain at that unsustainable level for the remainder of Obama's reign and as far as the eye can see thereafter. This is an increase of over 50% during Obama's 1st 4 year term alone - more than DOUBLE the additional debt hung on the necks of the American people by the Bush administration, in HALF the time.
This is the future the American people, in their wisdom, have voted themselves into.
Here's the data, for your easy reference: