It all depends if the republicans are on board with cutting spending and taxes, huh? That would be change that most Americans and businesses would be in the tank for. If that happens, your going to look pretty foolish.
They can slice and dice here and there, but any major cuts to Social Security, basic Medicare, and DoD just won't happen in the numbers that would make a dent.
I'm actually reserving serious comment on spending reductions until I see what the bipartisan deficit reduction commission's report has to say, due on December 1, 2010. I'm also hoping the suggestions will be acted upon immediately, instead of several years like what happened (or did not happen) following the issuance of the 911 Commission Report.