One side argues that America's taxes (revenue) are already much too high and that the budget problem is "just a spending problem."

The other side, meanwhile, argues that the deficit is the result of a combination of factors, including economic growth being too slow, spending being too high, and taxes being too low.

Obviously, this is a philosophical argument more than anything else.

The conservative side of this argument believes that the government should not support poorer, older, sick, or out-of-work Americans--and, therefore, that we should cut a huge portion of our government spending.