Where did the majority of your spending money begin its life? Bank loans. Remember that massive issue the banking sector had recently?
We need to get our economy off credit. We need to stop borrowing against every security we can find. Either we reduce our debts voluntarily, or we go bankrupt. Either way, we will reduce our debt level over the next 5-20 years. This is going to remove money from circulation. If the government runs a surplus, this will also remove money from circulation. If we stop deficit spending the economy will shrink and may falter.
Back in the 30's we were facing a similar (but much smaller) debt problem. The "new deal" in 1933(-ish) was a program of government spending that helped to reduce the impact of the Depression. When spending was cut in 1937, the economy dipped again. While the level of debt continued to drop, what finally eliminated the remaining debt was the massive spending and manufacturing to fight WWII.
Government deficit spending isn't the problem. It's the only thing that can save us from ruin as we inevitably reduce our debts.