I suppose the problem is that it's possible in theory to be broadly in favour of what's being done, but still to be aghast at the way in which it is being done - and if you or your other half is, for example, a librarian who is about to lose their job (or indeed a parent whose local library is about to vanish) it's very hard to see the benefits.
Does the extent to which one finds it a Good Thing depend on where one is in relation to the Sharp End? Is there anyone here who has lost a job or a public service as a result of the cuts, but who still thinks it is a price worth paying - and/or that cuts, at the moment, in general, are a necessary evil?
There is also the idea being put about that these cuts are not pragmatic but, in fact, ideological (i.e,. that the Conservative party was looking for an excuse to cut public services and dismantle the Welfare State), and that it came along handed to them on a plate. In this argument the deficit is, in fact, a red herring.
I'm not entirely convinced by this (yet)... Worryingly, it seems to occupy the same headspace as some of my American Democrat friends who are currently wanting, by insinuation and implication, to associate Sarah Palin with the attempted murder of Congresswoman Giffords because of some misjudged "bullseye" and "target" metaphors she used. You start off by thinking the worst of someone and support the notion by using the facts which suit that picture...