federal spending is not going down, it is going up. Those who still have jobs, those who have not lost jobs to asia, will be expected to pay much higher taxes, to make up for all those who no longer pay taxes because their job or factory moved to asia.
free trade is not free. If you want to enjoy all the direct benefits of free trade(e.g higher profits on NIke shoes and other products now made by cheap labor, a much stronger India and communist china, higher bonuses for CEO's who move factories to asia, etc), then you must be expected to pay those inevitable indirect costs of free trade - else you are nothing but a parasite.
You should be glad to pay more taxes in the future(you should expect your taxes to rise to balance the budget) - it means that more american citizen jobs are being done by chinese communists.
You're right, but that's not the point. So spending went up from 6 trillion to 7 trillion;
But the economy grew more:
If it goes to 100 trillion on the day that my daily earnings are 200 trillion, I promise to pay for the entire federal budget out of my own pocket.
Ain't I a swell guy?