If the majority was a spending problem, why was the yearly deficit only a few hundred billion before the recession started? When corporations start not profiting, there is a TON of money lost. People think that tons of money comes from their own pockets to pay for these things, but don't realize that a huge amount is paid for by corporations.
Also, to the poster that talked about money supply growing, tell me how the inflation rate has been? Just as they can throw money out they can take it back in.
On a third note, its fun when people don't understand the difference between budget deficit and national debt.