Bad news
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Of course he may be wrong, but he's pretty sharp.
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We've been acting like budgets and spending your money wisely doesn't matter for the past decade. The debate over Obamacare seems quaint now - at the heart of it was a discussion about affordability and efficiency.
There's no real policy debate any more about healthcare, a responsible level of tax, education costs, debt, etc.
If this has to happen (which I hope it doesn't) - I'm glad it's happening during a Republican administration. It's the conservatives' responsibility to bring these sort of grown up topics to the table... not ignore them.