Serious cuts across the board, no exceptions. 40% too much at once? Then work your way up to that with smaller % over a longer period ... but keep cutting. Just because it can't be done all at once does not mean it can't be done. Use those savings to pay down the debt,
not to spend on more things.
Taxes will have to be raised but only after serious spending has happened (otherwise spending cuts won't happen).
Debt ceiling? Peachy. How about a spending ceiling? Uncle, you get xxx per year to spend and that's it. Find a way to live within your means,damnit.
16T and some believe we don't have a spending problem?