Here is data going back to 1990 to put the picture in perspective for deficit hawks.
Let's see -
I'd say that just about wraps it up for claims of Repugnicant fiscal responsibility. But we knew that, didn't we.
Clinton inherited a Bush mesh, but the economy turned and he got bailed out.
Obama inherited a Bush mesh, but has had no luck at all.
Here's a close up. Receipts flat lined in '07, and the bottom fell out in '08. Note the '09 blip in expenditures - the stimulus package, and the corresponding increase in receipts that followed directly. Both are now gone.