DRC, there does have to be some meeting of the minds somewhere in the middle. The right simply cannot keep pounding the table saying "no new taxes" and left cannot keep pounding the table saying "no cuts to Social Security, Medicare and Medicaid". All the while the entire economy keeps going into the toilet. I hope you do notice the howls of protest from the left with Paul Ryan suggests overhauling Medicare and Medicaid. Sorry, those programs cannot continue in their present form, they are way too expensive. And if you argue that the right threw away a bunch of money on wars that should not have been fought, that does not change that reality. I'm not giving them a pass on the wars, I honestly don't know if your opinion is correct, it may be a case of Bush acting on bad intelligence, or it may be a war (or wars) that we should have never gotten into in the first place. That does not matter, the one trillion dollar a year shortfall has to be closed, and a decent amount of that has to be from cuts in the sacred three programs (SS, Medicare, and Medicaid). And hey, if you can do just by cutting waste, bully for you, but I find that a little hard to believe.
I do understand that the Dems will have to save face by getting the right to agree to some tax hikes, but tax hikes will only close about 10-15% of the gap. The rest has to come from spending cuts somewhere.