Out children, grandchildren and great grandchildren were put into debt by our previous president with TARP. Obama is just adding to their bill.
From WSJ MarketWatch:
For the full fiscal year, which ends in September, the Obama administration expects a deficit of $1.84 trillion. That estimate will undoubtedly be revised higher in July when the administration completes its midsession review of the budget. The economy has been much weaker than was projected in November, when the economic estimates was made.
http://www.marketwatch.com/story/budget-deficit-nears-1-trillion-for-year
Despite this, 0bama has his sights set on health care.