The federal government is borrowing and spending 12% of GDP
What? Borrowing from where?
You do realize that every government that has ever existed in the history of the world* has taxed and spent money, right? That's what governments do. You pay the government money, and the government provides stability, prosperity, services, etc.
and all they can manage to do is barely keep things stable?
Have you ever seen a parabola? It levels out at the bottom before it starts going up again. Economies do not turn on a dime; all the money being spent to "stabilize" is not for stability, it's an investment in growth! When you're on a downward trajectory, and you try to fix it (by investing money), the first step is leveling out. So, yeah, "barely keep things stable" is exactly what's happened, on our way to renewed growth.
Unemployment is a lagging indicator. Just a month or two ago, there was an economic report that said that productivity in the American workforce has gone down, and that's a GOOD THING. It means that businesses are recovering, revenues are up, and the workers that are left after the layoffs of the previous 5 years have reached their maximum productivity, and that the businesses have done everything they can with their current workforce and are going to have to start hiring again to keep up with demand.
Despite this massive amount of deficit spending the economic fundamentals are deteriorating.
When the economy is in the shitter is the time to deficit spend. The time to deficit spend is not when the government is running a surplus and on the right track (Bush II).
The Republicans' deficit spending was spent on worthless giveaways.
The Democrats' deficit spending is trying to get us out of the mess.
Saying it's the same at all is like looking at a flooded basement, and saying "now is not the time to hire a plumber and pay for him with your credit card, now is the time to save!", right after you just used the credit card to put gold fixtures and doorknobs on everything.
* Ok, ok, Alexander the Great didn't tax Macedonian citizens. He supported his government by conquest. His government could be more accurately described as "pillage and spend".