"lavish government spending that Obama has been promoting" imo
One problem. That isn't actualy the case.
http://www.spurstalk.com/forums/showthread.php?t=202398
Obama is in favor of raising taxes. This is far more fiscally responsible than not doing so.
Deficits are getting too large to be attacked by spending cuts alone. Sorry. That is the reality we face. Or least the reality outside the Fox "news" bubble.
The only option to not raising taxes is gutting en lements so much that no one would agree them. (edit-- cut out some unneeded stuff)