Absolutely. My objection is to making generalizations about 'all republicans' based on a misleading graph.
Here's a more unbiased graph of the debt levels.
As you can see the debt kicks off in WWI with Wilson, it's generally felt that Wilson poorly managed demobilising the country, and the post-war debt. This was actually around the time when the democrats and the republicans began to switch places, something I've never really fully understood.
It begins to drop with Coolridge who cut back on the government, opposed labour unions (something that was popular at the time due to people being worried that allowing unions would cause a communist uprising, oh the irony), and even cut taxes. Hoover then got saddled with the great depression, and passed that torch onto Roosevelt, who was well known for the huge amounts of spending he did to fight the depression, but honestly, the debt didn't start to really pile up until the war started. From then on after the war the various presidents steadily brought the debt down, until Nixon came along.
Nixon got involved in Vietnam, and disallowed cashing in the dollar for gold, which removed it from a gold standard, and basically opened the floodgates for inflation.
Some say this was inevitable and a good thing, I'm not so sure.
Nixon also stopped bringing down the debt, which was something that continued with Ford and Carter, until we get Reagan, who spent like crazy. Then G.H. Bush carried on that legacy.
Clinton then started to bring the debt down, before the next Bush started bringing it back up.
Then the recession hit.
yaySomething that puzzles me is why when republicans are supposed to be in favour of smaller government, they wind up incurring more debt than democrats.