I don't think it goes into a landfill. It goes into buying shares around the world, into construction projects that push up the prices of commodities, yes it gets spent. But apart from ipods  and coca-cola they aren't buying American products. In the same way the oil countries don't throw money into landfills, spending the money at home doesn't put it down the garbage disposal. It gets spent and generates jobs and more spending.

Employment and manufacturing are the keys to wealth. Employment in creationist jobs. The communists would have 8 people check a rail ticket and 5 to stamp a form so you can buy some bread. That's a very different economic fallacy.

My country has tried to cut its way out of a deficit. Greece is being asked to do the same. It isn't working. And as the EU gets a cold, well America will begin to sneeze.