Republicans will fight against raising taxes on the rich and they want to take away medicare and Social Security benefits.
Democrats want the rich to pay more taxes and will fight to prevent the Republicans from taking away benefits to the middle class and poor.
This is how MOST of the U.S. views things. The massive deficits and debt means little to them, but the Republicans problem is that those deficits and debt only mean something to them when they are not in power (Debt went up under Reagan and Bush and Bush). Republican vs. Democrat really doesn't matter to me. It just an argument about when we go bankrupt not if.