Spending is moving in the right direction?! Yes we have decreased the rate at which we borrow.. kinda like the most of the compartments of the Titanic are flooded (DEBT), and the rate at which water is flooding in has slowed a bit (Defict spending).
There is no good news when it comes to current American fiscal policy/status. NONE. Oh maybe we'll be the last to crash. See what happens when interest rates go up . that's when the real fun starts.
Keynesian economics as lauded by Obama doesn't work. Bernanke and Obama pretty much finished us off.