Both sides are actively harming America in ways that will remain for more than a generation. The growing deficit will force us to devalue the dollar, which will remove the status of global reserve currency. This inevitably is going to raise the price of imports, which is why both sides are focusing on reshoring strategic manufacturing.

Currently we are getting a pass because all currencies are being devalued, and ours is devaluing slower than others. Growing deficits might cause us to devalue faster, or economic recovery might push foreign currencies into a stronger position.

EDIT: I’m not arguing that both sides are the same, or that one side isn’t better than the other. I’m arguing that neither side is taking our long term interests to heart.