What is the end result

I hear alot of people talking about all of the spending that Obama is doing and everyone seems to think his spending is going to make it worse. I'm curious to know how we can avoid spending. Conservatives say we can but I hear no clear ansewers how. Liberals are in support of Obama, but I haven't heard exactly what the results of all of this will be. I will say that I have faith in the president. I believe him to be genuine and I am excited to see this nation prosper. No matter how, our nation should prosper and anyway that get done what we need to than so be it. But please tell me the long term and short term predected effects on this country by legitament sources.