The word out of Washington is that spending cuts are the answer to our country’s ills. House Majority Leader Eric Cantor believes that spending cuts will open the door to job growth:
Today’s action by the Senate to overwhelmingly approve House Republicans’ Continuing Resolution is a welcome sign that Washington is beginning to move in the right direction to cut spending and get our fiscal house in order so that people can get back to work. 
Democrats are also ready to cut, and want Republicans to step up to the plate:
Today Senators Harry Reid, Dick Durbin and Chuck Schumer called on House Republicans to immediately come to the table with Senate Democrats and the White House to begin negotiations on a long-term solution to cut spending and fund our government. 
Even President Obama is in favor of spending cuts, and agrees that cuts will create jobs. Unfortunately, his goals are unrealistic to the point of fantasy, given partisan deadlock over the budget:
This agreement should cut spending and reduce deficits without damaging economic growth or gutting investments in education, research and development that will create jobs and secure our future. This agreement should be bipartisan, it should be free of any party’s social or political agenda, and it should be reached without delay. 
Mr. Obama’s remarks include references to his own spending favorites, and sum up why we should expect little more than a token nod to spending cuts from this Congress. Both parties’ positions are so entrenched that worthwhile compromise is all but impossible. Fortunately for lawmakers, any position that includes the words “spending” and “cut” is safe and commitment-free, because no matter what is promised, nothing much is going to come of it.
1..Eric Cantor. Majority Leader. Leader Cantor Applauds Senate Passage of House Short Term CR. March 2, 2011. http://majorityleader.gov.
2..Reid, Durbin, Schumer Call on Republicans to Immediately Begin Negotiations on Bipartisan, Long-Term Budget Package. March 2, 2011. http://democrats.senate.gov.
3..The White House. Office of the Press Secretary. Statement by the President on Passage of Further Continuing Appropriations Amendments, 2011 (H.J.RES.44). March 2, 2011. http://www.whitehouse.gov.