A balanced budget is a good thing, but not always. Sometimes deficit spending is necessary to pull the country out of a recession.
No one here believes in Socialism. We all believe in capitalism. But, when there is a Great Recession, as we've just been through, steps should be taken to end the recession as quickly as possible. Throwing money at the problem, or priming the pump, is the answer and, as you can see, it's working once again.
As for "helping the less fortunate with no demands being placed on them", most of the money being spent now is to help people help themselves -- create jobs, repair infra-structure, make education more accessible, etc. Even health care reform will help the country by easing the financial burden on small businesses and on hospitals whose emergency rooms now have to care for so many uninsured individuals.
Republicans keep presiding over lots of boom and bust, with too many busts -- 1929 (Hoover); 1987 (Reagan); 2008 (Bush). Every few years, the Democrats keep having to ride to the rescue. Yet Republicans say that they believe in capitalism and liberals believe in Socialism. Isn't that a sick joke?