President Obama has offered a plan with 4 trillion dollars in debt reduction over a decade with two and a half dollars of spending reductions for every one dollar of revenue increases and tight controls on future spending. It's the kind of balanced approach proposed by the bipartisan Simpson-Bowles commission.
Happiness is a real objective phenomenon scientifically verifiable. That means people and whole societies can now be measured over time and compared accurately with one another. Causes and cures for unhappiness can be quantified.