Earth to originalbuckeye, America didn't vote for spending cuts. America voted for Santa Claus.
The only reason we aren't Greece right now is because Bernanke can print more and more and more money!
And as long as we can keep kicking that can down the road, Americans will sleep well at night.
Yup, a lot of people don't want to hear that though. The public is not with us right now. They want spending cuts in theory, but will howl in rage if you actually cut anything beyond maybe prisons and foreign aid. America is simply following in Europe's footsteps. Republicans will mostly kick the can because, in the end, there just isn't much support from the public for any tough decisions and votes.