February 9, 2012

Gov. Rick Perry says Congress hiked debt limit to $14 trillion and federal budget under preparation has over $5 trillion in debt over five years

March 2, 2010
PolitiFact

Excerpt

Josh Gordon of The Concord Coalition, which advocates long-term fiscal responsibilty, cautioned that much of the current and immediately expected deficits are due to economic troubles and not White House or congressional actions. Gordon said it's typical for government to run a deficit during an economic downturn.