President Obama has offered a plan with 4 trillion dollars in debt reduction over a decade with two and a half dollars of spending reductions for every one dollar of revenue increases and tight controls on future spending. It's the kind of balanced approach proposed by the bipartisan Simpson-Bowles commission.
People spend time worrying about things they think they have to have and lose perception of what they do have. You can have all the money and material things you want. If you aren't here to enjoy them what good do they do?