Yes, but the cuts that are actually necessary are acceptable to no one - so Romney has to nibble. It won’t be enough, but maybe he can buy us a couple of years to finish preparing.
...by the grace of God perhaps there is an answer and it is the energy sector. Unleashing that generates so many jobs, and so many taxpayers, and billions and billions of dollars, not to mention oil/gas lease revenues, and not to mention all the money on the sidelines that will come back into play. Energy exports.
This economy will roar with inexpensive energy. Without it we would truly be looking at default. But we can do this.