US debt will keep growing and growing regardless of who is in charge. Decreasing debt means cutting government spending, and no politician wants to do it because it means losing popularity/voters.
US is destined to have its debt doubled every 8-10 years until it eventually kills the country within.
Actually you are correct, I did not mean national debt I ment the Federal deficit. With the deficit ballowing out of control and doesn't appear to be getting in check since Obama reduced it, this is where the impact on our economy will suffer the most.