A 33% across the board cut in federal spending, federal wages, federal workers, and federal work hours should be implimented. Furlough days would also be mandated. This affects the entire government minus the military side of the Dept. of Defense, and the intelligence apparatus, along with the FBI and US Marshals service ( which the other LEO agencies would be merged into).
Also, the EPA, DEA, ATF, and other unnessary agencies would be eliminated.
Revenue would be raised using tariffs, about 6-10% of the import cost of the good. A flat tax and low national sales tax would also be implemented. These recommendations would stay in effect until the surplus equals the highest point of deficit, indexed to inflation.
Oh, and Social Security would be subject to phase-out by 2045. Those on it at that time would be allowed to continue on it (as I am not totally cold), but the age to enroll will increase through the 2010’s-2040’s. Medicare would also be eliminated. And, Obamacare would be tossed into the trashbin. Earmarks and pork will be thrown out. Congress would only meet 4x/year and be paid the old wages.
And even this would not be enough. This problem has not human solution. We are like the bus driver looking up from his texting and realizing there is a stopped car 100 feet ahead and the bus is going 50 mph.
It is too late to rally do anything but try to watch the accident happen in slow motion and make comments as it plays out. And that is exactly what we are doing.