Your post is a regurgitation of Democrat propaganda who have to spend as much as they possibly can get their hands on to hand out to their base to stay in power.
If Democrats don't spend enormous amounts of money on welfare and on government employee unions every year, they will lose their base and their party will tumble like a house of cards which is going to happen eventually anyways as the nation cannot engage in government spending at the current levels forever. Understand that if every single loophole was closed and taxes on the rich raised to the top Clinton era taxation levels, we would still run a deficit
right now.
And welfare spending is projected to rise 90% beyond the more than 1.03 trillion a year it has grown to since Obama took office. If amnesty/path to citizenship is enacted, that will go up considerably beyond the 90% projected increase in welfare spending.
Neither the pure austerity of the GOP nor the pure taxation of the Democrats is going to fix our economic problems. In order to do that we have to implement massive reform across the board. That means implementing VATs on foreign trade and protecting American invention/innovation like we used to, ending immigration and instituting a national E-Verify program as well as curbing chain migration, rolling back the red tape on domestic startups, curbing lawfare, reforming taxation in a balanced way, implementing austerity in a balanced way, reforming the financial sector, reforming political compaign contributions, etc... etc... etc...
You've obviously been indoctrinated by the Democrats and don't know what you're talking about.
First of all its not obama's fault but republican congress. Obama and the democrats wanted to cut tax loopholes for rich corporations but the republicans just would not agree on it so instead that was chosen. People should read the news before they read this guy's propaganda.