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The first is Ronald Reagan. During his first year in office the US ran a deficit of 79 Billion. For his 3rd thru 8th year our country consistently ran deficits of 150 billion or more. Also we were in a recession for most of his first two years so this increase in deficit spending after we are out of the recession is even less understandable.
The second is George W Bush. During most of Clinton's second term the US actually ran a surplus and according to the budget office we were expected to run a 5 trillion surplus over the next 10 years. During Bush's first year we ran a 120 Billion surplus, however in all 7 years after that we always ran a deficit of at least 150 Billion. How is this being fiscally conservative?
Democrats aren't any better at cutting deficits. Just look at the trillion dollar deficits that Obama has run. The deficits were likely bigger because of the recession but I don't see how he would have reduced them with his policies either. Democrats generally like costly government programs, and spending lots of money even if you pay for it with extra taxes is not fiscally conservative.
The only time during my life that the government was acting mostly responsible was during Bill Clinton's second term. The Republicans controlled congress with a Democratic president and together they adopted pay as you go policies so that all new programs were paid for with either spending cuts elsewhere or tax increases. This is the only time in recent history that we ran a surplus.
While I'd really like to blame both political parties for this mess I think that the average voter is the one really at fault. Many voters in this country vote for whoever promises them the most benefits. Many people vote republican because they are hoping for bigger tax cuts. Others vote democratic because they think the government programs will be a bigger help to them. I truly believe that it is a minority of voters who really want to hold the parties responsible for keeping down the deficit and these voters are not unified in a single party (I don't have hard statistics for this and I don't know how you would get them).
So at the end of the day the same people who live paycheck to paycheck and max out their credit cards elect politicians who max out our government's credit card because they are all more worried about today than the futures.
Some of these people who are more worried about today are in an understandable position where they are having trouble keeping their house and putting food on the table. The others just annoy me because they are destroying our country's future by enabling these irresponsible politicians.