In case you didn't notice: Tax RATES were cut. This led to an increased level of growth in the economy, which benefited both the taxpayers paying the lower rates AND the government which collected a smaller percentage of a larger pie. WIN-WIN.
Of course spending needs to be controlled, but pro-growth tax rate cuts are a good thing in any case.
The value of tax cuts is immediately helpful to the present, regardless of the negative effects of debt.+