Even $500 billion is just Saturday afternoon at the movies money. There are going to have to be several more $500 billion cuts following it up; the debt is above $14 trillion - that's 14 thousand billion, twelve 0's after the 14.
We need to totally restructure the government back to it’s constitutional realm and that is going to be the only reform that has a hope of rescuing the country in the aftermath of the train wreck called Obama (with help from Bush). The New World Order’s foreign entanglements has to go. The leadership of countries can’t even run themselves let alone the dang world.
Cutting a little out of this and that is not going to do much good now. Obama and the Congress tipped us over the edge.