There was a very simple plan floated a few years ago that would balance the budget in 10 years.
1). Freeze all growth in every single budgeted item. Every budget item has a 3-5% COLA adjustment included in the overall cost. FREEZE that.....
2). Cut EVERY budget item by 1% a year for 10 years.
AT the end of 10 years, you will have ZERO deficit, and will be paying about 500 billion /year on the debt.
This is close to what I'm talking about
:
http://www.onecentsolution.org/the-one-cent-solution/
Later,
Geo