When we have some states and local governments getting tot he point where they must shut down nearly all services the problem isn't money. The problem is they didn't reduce expenditures sooner. The problem is they run fiscally irresponsibly budgets with massive debts.
Bailing out banks and companies - A terrible idea. Cutting taxes - I'm pretty much in favor of this for everyone - especially since those top 5% of earners end up paying 70+ % of the total income tax. But that's not the point here. The point is that we HAVE to figure out how to spend less. Spending the same amount of money when you make half isn't an acceptable strategy.