Don't make me laugh. The government always spends money faster than it can be printed and always spends more money in succeeding years than in previous years regardless of which party controls the government. Bush's tiny, backloaded cuts in marginal rates have been more than offset by the statutorily-mandated (thank you Ronald Reagan and the Greenspan Commission) increases in SS/Medicare withholding, steel and softwood tariffs, national security regulation, and increase in the national debt and annual deficit. Government tax cuts are always revenue-neutral.
Social democracies will spend until they can't spend anymore. Then they go in debt. Then they print money. The abolition of the gold standard, SS/Medicare, the Great Society, and multi-trillion dollar debt are events unique in U.S. history and, as human history goes, very recent. The full effects are yet to come.