Can We Stop with the 'Socialism' Crap Already?

I see an alarmingly high number of commentators and pundits referring to the USA as some sort of failed socialist state these days. Obviously, the healthcare debate has much to do with that, but from a more macro perspective it’s really all about the broader government spending picture. People seem to have this perception that the US government is firing money out of rocket launchers like never before. But are we really a failing socialist state? The data doesn’t seem to confirm that at all.