Democrats may be the party of "tax and spend" but unlike Republicans, they tax BEFORE they spend. Obamacare had taxes which covered the costs of it, before Republicans started nibbling at the edges of it, trying to undercut it and make it fail.
I'm sorry, but DumBama's debt was being increased every year; especially the first two years. If his "taxes covered" everything he spent, HTF did we end up 10 trillion dollars further in debt?
Economics 101 Ray. Try reading up on what happens when the stock market, the housing market, and the jobs all go south at the same time. It is important to keep as many people as possible working. You cannot tax during a recession, you MUST spend. Republicans kept Obama from spending enough on infrastructure, which the country sorely needs. But you must spend during a recession and cut spending during an economic boom. Obama did both, which lead to the strongest recover in history.
Instead of cutting spending, Trump has increased spending AND made deep cuts to taxes, after the Republicans basically made the Bush tax cuts permanent. You cannot run your household unless your income exceeds your expenses, so now you have the largest deficits in history during the tail end of the longest economic boom in history.
What happens when the inevitable recession hits? You can't increase spending to prime the pump, and taxes are now so lo, that the entire government is running on credit. Trump has been asked what happens to the country when the bill comes due for all of this and he has said he won't care because he'll be long gone.