Well Obama is down for it he even has a commission remember. So the Republicans can jump right in the help implement the good stuff they come up with and advocate strong fiscally sound policies without raising taxes at all. The public will go for it because they no longer trust government. Oh the squealing will be great but Obama said he is down with us on cutting the deficit so we can help hold him accountable. Paul Ryan and Mike Pence would be glad to help him.
The problem there is, of course, that Obama is a rabid liar. The only segment of the economy that has grown is the government segment; that is, more economic drain on a damaged and dwindling economic base.