Bullshit. Democrats have a spending problem??!! Yeah, like they were the ones who were leading the charge for two unpaid wars, crazy increases in homeland security spending, and added a huge new unfunded entitlement in the form of Medicare prescription drug benefits.
And Greece? Let's take a look at the European debt crisis:
Greece (and perhaps parts of Italy, too) are the only nations whose problem is related to government spending. Even there, the problem is vastly more compounded by the fact that their debts are denominated in a currency they don't control, and their economy is wholly uncompetitive with the rest of the world. Austerity has been a complete disaster for Greece.
If you look at the rest of the struggling countries, especially Spain and Ireland, they were MODELS of fiscal restraint, and were held up by conservatives as how great your economy can be when you deregulate everything. Of course, then the 2008 crisis happened and the governments were forced to backstop their banks, and now everyone in those countries is paying for it.