1) While fiscal conservatives want to reduce the size of the government, the terms and means in which they want to accomplish is not feasible. They want to hack sections of the government in such a way that would cause things to spiral into further chaos. I think the other thing that conservatives don't get (when they look at jobs) is the explosion of public sector jobs. Of course this is/could be a talking point for either side to display a chart to either prove or disprove, but the we have had private sector jobs disappear and that isn't a good thing for the economy.
2) Liberals want a surplus again by taxing the upper middle class, the rich and businesses. The problem (IMO) with this mindset, is no matter the tax code, flat tax or otherwise, getting the rich to pay taxes or businesses to pay real taxes is a pipe dream. Ironically our country works so well because of said loopholes. Why do you think CEO's are coming out against Obama and stating that he is hurting business? Obvious answer is revenue. Again, it comes back to what is fair and taxes = increased government revenue of which most people in this thread have convinced most that in order to maintain levels and plan ahead (a good thing), there needs to be a balance to the revenues and the spending. In terms of spending cuts, I think either Liberal or conservative people are pissed that money is being spent on programs that aren't worth it or of little or no value to the overall good of the public. I remember growing up and hearing about $150 Million dollars being spent on the flow of Ketchup. Money well spent? Wish we could get that money back? That's where I think we can see spending cuts and reduce the waste that isn't focused on the people. I don't know about you, but I don't intend to be killed by a blob of ketchup anytime soon.
I've become more of a liberal independent as time has gone on but really hate the labels.