And the republicans are cutting spending and reducing taxes?
wake up guys...the effective tax rate has been the same since world war 2 and Republican and democrats equally added massive debt
While democrats argue they want a few percent higher and republicans are talking a few percent lower.but essentially giving you the same effective rate....no one is talking about repealing the income tax except libertarians
Functionally I think you are correct but ideologically there are differences.
Most republicans are for a balanced budget amendment to the Constitution. They see the fundamental soundness of having a balanced budget. Actually I think many democrat voters understand this is a sound policy but somehow think balance can be achieved via higher taxes. But history shows that is not the case. The government, with rare exceptions, always spends whatever it takes in and then some. Without the legislative discipline a balanced budget amendment provides they will continue to do so.
That said a balanced budget amendment would have to include some period of time to be phased in (20 years). It would have to include REAL cuts in spending not just reductions in the rate of growth. Those REAL cuts could be a reduction of 1%. Is there any agency of government that can reasonably argue they can't find 1% worth of reductions in spending (waste and/or increase in efficiency)?
There may be more political will on the republican side to get it done (near zero on the democrat since) so while functionally it seems there is no difference ideologically there are differences between the parties with respect to financial issues. At some point the pain that will ultimately be produced for ignoring sound economics is going to force a return to very basic economic ideals like a balanced budget. The only question is how deep and long is that pain going to have to be endured.