Bruce Bartlett makes some good points about partisanship and policy.
I also think it is possible to minimize the burden on future generations by instituting policies that will sustain a high level of economic growth. This is where I really part way with Democrats, since they just don't understand economics at all, in my view. They are obsessed with envy and always want to raise taxes on the "rich." But these taxes eventually end up on the working class because they shrink the capital stock and diminish entrepreneurship, which slows real economic growth and wages. In the end, the cost of the Democrats' "soak the rich" policies is just too high.
Moreover, Democrats have absurd faith in government to fix things, no matter how much experience shows that its intervention usually makes things worse. Perhaps the stupidest proposal of the entire campaign so far is that by Howard Dean, the leading Democratic candidate, to re-regulate the American economy if elected. Not only is this dumb substantively, but he threw away any hope of getting votes from libertarians sympathetic to his views on foreign policy and civil liberties.
I am in the same boat. I break with the Republican party on a lot of moral issues because I think the government should stay out of our personal lives just like they should stay out of our economic lives. The government's job is to fight fraud, protect our rights, and only intervene in some format to correct negative externalities or increase information flow between parties. I've voted for Republicans probably 75% of the time in the last few elections, but after having a Republican president, House, and Senate all at once, I think they are just as bad as the Democrats. They waste money and pass legislation with the goal of re-election, not a better America. Over the last two years, I have become a serious fan of government gridlock. From a business perspective, I think that is best.
Found via Common Sense and Wonder.