Unfortunately, defecit spending is ingrained in the US political system. The only balanced budgets in the last several generations were the result of boomers hitting their peak earning years and returning, temporarily, solvency to Social Security, and by extension, the Federal Budget.
The political will to control spending is nonexistent in either political party. There are far too many interests, special or otherwise, in maintaining the status quo.
Of course, the rhetorical hysteria of both left and right will continue to eclipse rational examination of any issue for the forseeable future, just as our leaders would have it.
Wonderful Democracy. So fine in theory and so ludicrous in practice.
If one truly believes any issue of the day is really being addressed through the left/right political war, I have some land you might be interested in.