Can we please balance cuts and taxes?

The problem with Paul Ryan’s (and now Mitt Romney’s) budget is that it’s all cuts and no taxes. Barack Obama’s budget seems to be a work in progress, but, from what I’ve heard, it’s more of a balance between cuts and taxes. Why is this a good thing?

Remember that deficit clock at the GOP convention? What the Republicans didn’t want you to think about is that most of that deficit was generated by George Bush the Younger, otherwise known as the free-spending neocon. He was the epitome of a belie...