I don't agree with the thinking on either side of the budget cuts right now. We should be trimming off a trillion in 4 years, not 10. It really is pitiful and sad that we have such schmucks in congress.
Is that really reasonable, though? Last year's budget spent $3.5 trillion, with revenues of $2.2 trillion. Cutting $1 trillion in 4 years would mean that (assuming revenues remain the same) spending cuts of $1.1 trillion for each of the next 4 years, or nearly 33% of total spending. What measures would you recommend to realize such cuts? Would you be willing to increase tax revenues in order to realize your goal?
I'd go right at mandatory and discretionary spending ie social, entitlements, military, 20 percent cuts in all agencies within the depts. I wouldn't go 1 trillion a year but more like cuts of 250 billion a year to reach that goal.
Why should we increase taxes to make up for the governments failures to stop spending?