The fact is, any such bargain would bad for the country and its citizens. At this point no amount of cutting alone can close the budget gap without basically eliminating a large number of government functions. A lot of conservatives argue that government shouldn't be doing much of what it currently does, but they are as wrong about that as they were about weapons of mass destruction in Iraq. On the other hand, the budget can definitely be balanced in the short term without too much difficulty by cutting one area - defense - and raising revenue. And that revenue can be raised with minimal harm to the lower and middle classes.
Some things to note: I'm not saying that this would be popular. Nor am I saying it has any chance of passing Congress. Nor, finally, am I saying that the long-term budget problem - which is almost entirely due to out of control health care costs - would be solved. The point of these two graphics is simply to point out that the current budget discussion as it is presented in most of the media is entirely fraudulent.