Unfortunately, I suspect that such cuts would only be accomplished by a dictator, as the American people have become way too comfortable with government freebies. As we both know, dictators are notoriously hard to get rid of once in place, so the means to the good solution will provide a worse condition.
Your probably right but it will come crashing down shortly!
I'm not being impatient, mind you, but I have been waiting over 4-years for the “house-of-cards” to come tumbling down.
I go to zerohedge.com and some posters there speculate on how much juggling is going on behind the scenes at banks to keep everything in the air, so to speak.
When the crash does come, it'll probably be spectacular!