The GOP has gotten their wish. With the sequester, we most certainly will head for a second recession. Yup, they have finally crashed the economy. It is too bad they couldn't get it done before Obama was re-elected...so sad.
Other way around. The dems get what they want. They get to mask they fact that they can't control their spending by blaming Republicans for not compromising. The budget sheet that our federal government has would be unacceptable in any other facet of society. A private business could never afford to be as financially irresponsible as the government, nor could a personl household. But no, dems say the federal government doesn't have a spending problem. It just needs more money. The dems are just blowing smoke because the fact is they don't want to cut spending.
We are past the point where we can make minor tweaks and fix this mess. A meat cleaver needs to be taken to federal spending. This has to be fixed primarily on the spending side, not the revenue side because spending is what we can actually change the most. You can't raise taxes enough to fix this problem.