They have no intention to cut budgets of save money. Debt is the only thing that keeps the show running. It all works fine for the high finance. People like us think we can only spend what we have, but for the banks and governments that is not important.
And actually, things are way byond the point where saving or whatever would make a difference. Its as if you would have a loan of 100 million $ to pay back - do you think saving on your food bill or so would help to pay that?
So its also irrelevant who becomes the next president. Changing presidents is like changing underpants, at first they are clean, but later... :)