At this point in time, all of that tug-of-war over how much to spend beyond our means and who is to blame is moot. We are where we are, and where we are is not in a good place. This nation is headed for a financial catastrophe, the likes of which the world has never seen. While we bicker over issues of racism, social/economic equality, the environment, etc., the very fabric (whether it be just or not) that holds humanity together on this planet is very, very close to collapsing. That fabric is woven from the economies of almost every nation and is held together by the strands of a trusted currency with which to benchmark value.
That benchmark is still the US dollar, but it will not be for much longer unless it can be proved we are worth it. I will not school you on the numbers, as they are readily available, both in Obamath and generally accepted accounting methods. If the US dollar loses its status as the global default currency, then all those fiat dollars that the Fed has pumped out via QE1 and QE2 (money printings 1 & 2) will drop in value like you won't believe.
Now, couple all of that good news with Obama's agenda from Healthcare to Nutland and you have a nation that has hit rock bottom and has started digging.
In short, this really is an election that will fundamentally change this nation, and, sadly, the choice seems to be death at dusk or death at dawn.