it is definitely a spending problem. Obama has double-downed Bush, what happened to his pledge to cut the debt in half in his first term? Oh yeah forgot he is a light weight who only know community organizing and not private business.
Obama has added 40% to the debt since he came in and now wants to raise taxes which will further kill the economy. You want to blame Bush for TARP but Obama voted for it, Obama then chuckles about spending $1 trillion stimulus bill that was not quite "shovel-ready," actually only 6% was for infrastructure and what not, the rest went as political payoffs to his friends and donors.
How about Obama starts getting rid of many of his new found 6 figure employees and start cutting down many of the departments that he has allowed to explode in size (i.e. DHS and EPA).
Stop spending and pass a balanced budget amendment. Cut unemployment compensation from the ridiculous 2 years that encourages sloth and government dependence. Follow Clinton's lead and place a cap on welfare and eliminate the abuse.
Finally please someone in Houston please get the crackheads to come to their senses and get Sheila Lee Jackson out of office.