re: Yep
The chart at zfacts is accurate, although it will be interesting to see what it looks like in another eight years.
His reasoning is idiotic. The $100 billion per year average spent on the war in Iraq ($600 billion so far) is lost in the budget noise, particularly recently.
The increase alone in Federal entitlement spending between 2009 and 2010 is $66 billion. In the 2011 the increase will be $89 billion.
As for the "tax cuts on the rich," you can go through the same source he used (a bit more current) and track revenues and spending, and see where the problem really is.
Why didn't he mention Bush/Republican domestic spending and new entitlements? He'd at least have something to stand on there.