No, we need to own up right now (every party and affiliation) and mutually agree on a real budget with a plan to reduce the national debt before this gets further off track and we turn into Greece. It's not going to be easy and everyone isn't going to like it, but it has to happen and nobody can argue that. Everyone agrees that the government is the most frivolous spender out there, the arguments come from what each party thinks is important money spent or wasteful money spent.
So, raise the debt ceiling with a new budget? I can agree with that. The debt ceiling absolutely has to be raised, though.
Technically speaking, it doesn't. Failing to raise the debt ceiling simply means we can't issue more debt. We have plenty of revenue coming in to meet our current debt servicing obligations. So we wouldn't default on our debt.
Of course, not raising the debt ceiling would essentially require the government to immediately adopt a balanced budget, which would be quite painful initially. The better approach would be to adopt a budget that aggressively reduces the deficit down to a balanced budget over the next few years, but it's virtually impossible in this political climate to accomplish that, particularly when people keep electing liberals. It is not possible to reach a balanced budget or sustain it without significant reduction in spending across the board, and particularly welfare spending. Think Obamacare is bad (well, you don't, but I'm talking figuratively)? It's a puddle compared to Medicare and Medicaid.