Dunno what the "current spin" is. I can only speak for myself. Too much debt can wreck your finances on the national level or the personal level. But it does not usually do so as soon as you incur the debt. Over-use of credit cards doesn't become a crisis till the debt reaches a critical point. And debt servicing is a constant drag on resources. I recall a pie chart on my Federal Tax form that indicated that debt servicing accounted for more than 10% of spending. Don't you resent that part of the budget as much as any other?

Here is a link to a page that kind of summarizes the official Democratic position on the cuts.

Phrases like: "outlook for the next ten years", "plunges the budget deeper into deficit", "The resolution assumes the statutory debt will increase to $12 trillion by 2013.", etc. seem not to be calling for immediate financial collapse upon passage of the bill.

So yeah. I guess I am friggin serious. Got links?