The economy is not a zero-sum game. If we concentrate on getting the economy to grow, most of these problems (the deficit, federal spending and revenue) are easier to solve.
But our government (both sides of the aisle) seem to do everything in their power to stall the economy and create uncertainty. For the last 6 months, what business person could make a reliable forecast as to the state of the economy? It certainly has not been an environment where you would want to invest in growing your company or employees, given the number of unknowns (future taxes, economic growth, spending, even health care expenses).
Our politicians on both sides seem to be creating a system where they and lobbyists are the only winners. By making short-term decisions, various interest groups are forced to pump more money, more often, into this lobby/politician funnel.