The debt ceiling debate is less about spending than it is about the purpose of government. Under the impact of an economic recession, the train of the Great Society is approaching the edge of the New Frontier. Both sides are still trying to work out a New Deal, but another cuts and spending formula is not the solution. What we need is a serious and earnest discussion about why we are compulsively spending money.
A cocaine addict who runs out of money doesn't have a spending problem, he has a drug problem. Telling him to cut back on how much money he spends on cocaine, or to shop around for cheaper cocaine isn't the solution. It's not about how much he's spending, but about why. The problem isn't in the math, it's in the mindset.