I am quite far from a conservative.
However, I don't think ignoring the debt limit is the answer. It's not a good idea to just keep borrowing money constantly to pay for things if we don't do anything to deal with what caused these financial downturns in the first place.
Personally, I would prefer if we simplified the tax code, got rid of loopholes, and got rid of subsidies. However, Republican politicians call those "tax increases" and so are opposed to them even though dealing with those issues will help raise federal revenue and will end federal spending on some things. Why do they do this?
Because Republicans would rather spend government money on their campaign donors with corporate interests rather than stay true to their own doctrine.
The Republican politicians in Congress still support welfare - corporate welfare. And corporate welfare has to stop just as much as individual welfare has to stop, at least as long as the corporate welfare benefits corporate executives more than it does low- and middle-class employees.
Republicans in Congress have already voted to end all of those subsidies and get rid of the Corporate Welfare. It's called the "House 2012 Budget" or "The Ryan Plan".
the trick is, you want to do it without raising effective tax rates, which are different from your nominal rates.
For example, you run a business making whatever (i refuse to use widgets), and your profit is $150,000 - your corporate tax rate is %35. But you rate a series of deductions and write offs, and your final tax bill is only $37,500 - your
effective tax rate is 25%. The trick is, qualifying for all of those deductions and write-offs costs you extra money as well, whether it's in less-productive investment or hiring an expensive accountant / tax attorney. The Democrat argument is, we need to raise your effective tax rate, the Republican argument is, we need to keep your effective tax rate the same, but get rid of the loopholes, the credits, and your associated costs.
So, Republicans argue for lowering the nominal rates while getting rid of deductions, credits, shelters, and loopholes at the same pace in order to keep
effective tax rates the same for businesses. Businesses are now free to invest in what will be most productive rather than what will reduce their tax exposure, and take the resources they spent previously on such efforts and plow them back into their operations.
Good for the economy. Good for the government. Just not good for class-warfare-rhetoric.