Unlikely, this is him spending when he has to worry about being re-elected. Imagine how much more debt he will incur for this country when he does not have to worry about being elected.
CBS news reports:
The National Debt has now increased more during President Obama's three
years and two months in office than it did during 8 years of the George
W. Bush presidency.
The Debt rose $4.899 trillion
during the two terms of the Bush presidency. It has now gone up $4.939
trillion since President Obama took office.
read more here.