Our federal government is simply too large. As a socially liberal person who doesn't mind gay marriage, or legalized marijuana, or believe the ten commandments should be posted everywhere, or a host of other right wing positions for that matter, I do believe our federal government should be smaller. What we really needed was a set of massive cuts across the board to entitlements and military spending above and beyond 5 or 6 trillion dollars. This plan merely kicks this rusted, tetanus infected can down the road, and we are running out of road.
At least in my families personal life we can see that borrowing 42.3 cents to spend a dollar is not sound financial planning! Currently the only debt we have is our house, and we are about to get really serious in paying it off. Washington is a good example of how not to run a budget, and the credit card for D.C. should be torn up and a balanced budget amendment passed. That's what we did in our household and it has taken a few years and some sacrifice but being 80% debt free is a great feeling.