The chart below shows the Federal Debt by year and president, from 1950 to the present. Data is directly from the US Treasury website, http://www.treasurydirect.gov/govt/reports/pd/histdebt/histdebt.htm
Remember that "Tax-and-Spend" "Liberals" held sway in the Senate until mid-term elections under Ronald Reagan. Then came "The Republican Revolution."
I was a Republican in the 70s, working for and electing a Republican governor and some state legislators.
How can any rational person believe anything said by any Republican since Gerry Ford?
As an interesting note, Alan Greenspan, economic policy advisor to the Regan campaign before Regan appointed him to head the Federal Reserve, had fiscal praise for only two American presidents since World War II: Ford and Clinton. Greenspan’s views I took from his memoir.
I might add that rational people should be loathe to believe anything said by Democrats as well as by Republicans. Where is a viable third party when we need one?