Fair enough. We've got a $1.2 trillion deficit. Balance it through spending cuts.
...cut regulation on business and drilling and exploration of oil and gas...
For example?
...kill Obamacare...
With any luck the courts will do that a lot faster than Congress will.
...overhaul the tax code.
You a flat tax or sales tax guy?
If you aren't aware of the regulatory burden (and regulatory and tax uncertainty) and high tax rates on American businesses, I wouldn't begin to know how to bring you up to speed.
With regard to regulations on oil and gas exploration and development, I refer you to the EPA and, more specifically, what has happened in the Gulf since the BP spill (i.e. a moratorium on drilling for all intents and purposes).
As to the tax code, there needs to be a complete destruction of the existing code. It is the convoluted and outdated product of lobbyists and lawyers and payoff's made by congressmen to their supporters and has a hugely depressing effect on American business (not to mention the massive cost of implementation and collection). At this point, the Fair Tax would be an infinite improvement (but I would be open to any number of effective replacements).
And strangely, these are just a few improvements off the top of anyone's head. There are millions of things that need to be improved to make America a business-friendly environment again.
What do you recommend?