Wrong. History shows that marginal rate cuts INCREASE revenue. Also a 20% import tariff would bring in $1T/yr. Those two things, and small cuts in spending, would balance the budget. However making a dent in the accrued debt is another story.
Sounds to me like they better get working on doing these things before it gets worse. If the government just thought like individual consumers have to, maybe we wouldn’t be in this mess.