We got here by spending money that we haven't got. We got here believing that we can spread democracy everywhere, by force if necessary. We got here by believing less tax will increase revenue. We go here by trickling down economy. We got here because we need to let the 'Job Creaters' go scotch free.
I don't major in Economic or Business but I believe every theories proposed by the Politicians are bogus. There is ONLY one way to stop the bleeding, in govt or in your own household - increase revenue and decrease spending.
This graph shows the National Debt over the years. See who was President between 1980-1992 and 2000-2008 where the steepest increase happened. Both were GOP but the Dem are just as guilty. We mortgage our future to generations to come. I feel sorry for them but I won't be around to see.
http://en.wikipedia.org/wiki/File:US_Debt_Trend.svg