How is the deficit not a real problem. Your country has one of the highest debt loads in history, the highest since WW2... The big difference is that there will be no 1-2 decades of strong economic growth in the future (50's and 60's).
We will have to physically start reducing the deficit and frankly the US is not politically mature enough for that to ever happen.
Frankly you know what is going to happen, all of these issues about spending more about the poor will never happen, when the shit hits the fan in the future as we never adressed the problem.
In Canada, we did and it frankly altered the history of the country forever.