Why not try a dramatic and novel tactic: PASS A TREMENDOUS SPENDING CUT—NOW! Quit spending money that isn’t in the Treasury. I don’t mean a pledge to reduce the deficit 10% ten years hence unless some Congressman thinks of some way to increase spending in the interim. In this booming economy with this dire debt situation, the Congress should run trillion-dollar annual surpluses. We’re running an annual deficit of $1.216 trillion. What will happen when the Democrats (or dare I say Republicans) go on a spending spree, especially in the next recession? Can we survive our debt, or will our economy collapse beneath it like that of Greece? I prefer not to experiment. ATTENTION Congress: Just say no to spending NOW.
You don’t need to cut spending at all. Just hold it steady for 10 years. Inflation and increase revenues from tax cuts and import tariffs will wipe it out.