Cutting Spending? Really?

I read an article http://www.msnbc.msn.com/id/29346452/ yesterday about how Obama says we need to cut the yearly deficit in half. How does Obama plan on doing that when he just spent nearly over 3/4 of a trillion dollars in 1 single day!?! If you don't have the money don't spend it! Well, I really don't think the U.S. government has the money to buy up a bunch of banks when it is already close to 1 trillion dollars in the hole. I'm not down with the government controlling a bunch of financial institutions...and that is basically what is happening. I don't think that the banks should have gotten loans from the government either. They are the ones who lent out money to people who probably wouldn't be able to repay the loans. Don't banks have financial advisors who look at the risk involved and make a choice based on good judgement? And predatory lending....if they want to lend out their money to people who are broke and can't afford to pay it back, fine. BUT DON'T WHINE about not being paid back when you aren't!! It all really boils down to individual responsibility though! Each person needs to be accountable for his own actions. If you got a home loan for a house that you could not afford, you have no one to blame but yourself when you loose your house to foreclosure. I know that there are things that happen, unexpected, but where is your savings? Where is your emergency fund? Plan for the future, don't live pay check to pay check! Also, you have to be missing A LOT of payments for your house to be foreclosed. It doesn't happen when you miss 1 mortgage payment. Well, I guess that I've gotten back on my soap box. It just really gets to me when people don't want to take responsibility for their own actions. Let people suffer the consequences of bad choices, and then HOPEFULLY they will have learned from them and make better choices next time!!!! If big government just keeps on bailing people out it will make society dependent upon the government and we will become helpless and USELESS! Oh LORD, PLEASE COME BACK SOON! I'm ready to go!