Chicken and the egg argument. I can’t stand the guy but in a prolonged period of high unemployment state outlays will by necessity go much higher.
Don't disagree with your general sentiment but with the Democrats, once a program is started it never stops.
To wit, lots of the extra stimulus funding for projects and biotech will never be one-time matters. Their lobbyists will be all over the Hill talking about the great results from that $20 billion and begging for $21 the following year. Ditto for federal aid to public schools, etc., etc.
The last time the nation spent this much money was in World War II. Do you remember how Roosevelt financed the war? Sure, there were some higher taxes but the primary way was via the sale of war bonds. What's the difference between taxes and war bonds, you ask? Taxes are involuntary and, generally, permanent, while war bonds were voluntary and temporary. People that pay 50% tax on their income hate it. People that bought war bonds felt like patriots.
No, Obama's spending is unprecedented and the future expenditures for ObamaCare will make expenditures dizzyingly high.
Another example -- the US Constitution needed to be amended to allow an income tax. "Just a couple of percent on the rich" was the rationale from the liberals at the time. Within 10 years the highest tax rates were 90%!
Never, never trust a Democrat/progressive/liberal/leftist/socialist. Never, never, give a politician another way to raise money.