Sure, forget half the country for 30 years, I'm sure that'll be balanced and work out great for long term posterity.
There may not always be a deficit, but we're always going to be in debt. You can fight it with reduced spending and increased taxes, but eventually you need some tax breaks to even out the system and help provide some economic stimulus. I'll admit that it's been rather out of control over the last 10-15 years, but we've seen a number of extenuating circumstances that led to the current situation.
As far as advocating for less balance between the parties in Presidential elections, I'm not sure it would go as you think it would. Consider the most recent election. Much of middle America felt left behind by the current establishment and decided to blow up the system with a vote for Trump. Votes for Trump were a cry from the forgotten man. Oddly enough, Michael Moore described it best:
If we had a number of consecutive terms with one party in control of the White House, you would certainly find one side or group feeling forgotten. You can't please all the people all the time. It would lead to disenfranchised voters that would eventually rise up to bring balance to the system. That's one of the very reasons why the elections have been so balanced for the last 30+ years. The Electoral College is there to help keep a balance. Does anyone really think that California, or Texas, or New York need more power in Presidential elections? You can't allow a few states to monopolize the election.
What this all boils down to is the last election and Hillary overlooking the Midwest swing states. She thought places like Michigan and Wisconsin that voted with Obama in 2012 would stay with her, so she didn't spend enough time there. She garnered 900,000 more votes in California than Obama, but any time or resources spent there were essentially wasted. If she understood how the Electoral College worked we wouldn't be having this discussion. Likewise, if the popular vote was the deciding factor, you would have seen Trump campaigning more in California and New York and he might have had more votes as a result.