No argument. Just nowhere near enough to balance to avoid tax increases. Therein lies the rub.
Are you seeing?
Your better than halfway there and we still haven't talked about a DIME of the over $1 TRILLION we spend on welfare, or the $140 billion at the Department of Labor.
We can also discuss THIS...
$1 Trillion In Tax Loopholes : Planet Money : NPR
Another trillion there...
Welfare spending, FY2012, in the US (Fox News' fuzzy math notwithstanding) is not a Trillion Dollars. It's $438.5 Billion, and familes/children is only $104.1 Billion of that. Other costs under "Welfare" include Unemployment Insurance, Workers Comp, and Social Security Exclusions, etc.
Moreover, the flat-head, flat-earth Rightie flat-economics, is both simplistic and utterly ignorant of the relatonal aspects of modern economies. For example, cut $50 Billion in food aid, and it doesn't save $50 Billion. Losses of that much food sales has a huge economic impact on farms, transport, packaging, retail and more, all the way down the line. You simply cannot eliminate $50 Billion in food sales, and not have other impacts on the economy.
And to the Left, Right and Middle, we'd be nuts to think that our military is not multiples of what we need to be safe and defend ourselves. But it's our monster, which we created, and entire economies have been built up around it that depend on it: Base communites, defense contractors with huge, well-paid worker forces, and non-college-bound kids depend on it as an option. Cut even 10% of Defense Spending and a million or more jobs could be effected. Thus we'd raise the burden on Unemployment, Food Assistance, Crime Prevention / Criminal Justice and much more, all the way down the line. So we need to be very cautious in how we cut it, and what replaces it, in terms of meeting the needs resulting from the cuts.
The simple truth is, we have historically low taxes, which are too low to adequately fund the world's largest economy, which ours is. Taxes are less than under Kennedy, or even Reagan through most of his Admin, or Clinton, or even Bush 43. So taxes simply need to be raised back up to levels sufficient to fund what we've created, since if we do not, we'd plunge ourselves into recession and bring the world economy down with it.
Any who suggest otherwise, simply do not understand political economics.