Not really. There is a political strategy Republicans have engaged during this time known as "Two Santas" which can explain it:

  First, the Two Santas strategy dictates, when Republicans 
  control the White House they must spend money like a 
  drunken Santa and cut taxes to run up the U.S. debt as far 
  and as fast as possible.
  
  This produces three results: it stimulates the economy thus 
  making people think that the GOP can produce a good 
  economy; it raises the debt dramatically; and it makes 
  people think that Republicans are the “tax-cut Santa 
  Clauses.”
  
  Second, when a Democrat is in the White House, Republicans 
  must scream about the national debt as loudly and 
  frantically as possible, freaking out about how “our 
  children will have to pay for it!” and “we have to cut 
  spending to solve the crisis!” Shut down the government, 
  crash the stock market, and damage US credibility around 
  the world if necessary to stop Democrats from spending 
  money.
  
  This will force the Democrats in power to cut their own 
  social safety net programs and even Social Security, thus 
  shooting their welfare-of-the-American-people Santa Claus 
  right in the face.[0]