The trillion dollar hit from 911 had a lot to do with that, and was being paid down until the Democrats took Congress in 2007.
And the housing mess that helped cause the recession was caused by the Democrats. Even Hillary's husband admitted that.
I've got plenty a reasons to say READ MY LIPS, NO NEW BUSHES, but the recession the Democrats caused isn't one of them.
I see you’re a bushbot, so there’s no talking facts to you. But if you have the energy, Google about Bushs program for down payment assistance to poor people. It was a big part of the housing bubble that gave us the Bush Depression of 2008-9
Here’s the Bush press release bragging about his program to put unqualified minorities into homes for which they couldn’t make the down payment:
http://georgewbush-whitehouse.archives.gov/news/releases/2002/06/text/20020617.html
Bush worked hand in hand with Democrats to give us the housing bubble that blew up and created the Bush Depression