Cut back on the military budget and tax everyone with more than 120 millions (random number) in assets hard.

You can't get money circulating in the economy if it gets pooled in the hands of a selected few.

Billionares

Bring back pre-Raegan tax rates

You've gotta raise revenues. We've tried cutting our way out of this, and it just doesn't work. Thinking of "how do we reduce government spending" is fundamentally the wrong mentality; we should reduce overall spending by increasing government revenues and expenditures. If we implemented socialized healthcare, as a nation we'd save in excess of $1T even though as a state we'd spend considerably more than we do currently.

Raise corporate taxes. They’re not hiring anyway. Wealth tax. Cut military spending. Cut subsidies.

Prices will only increase, and at a rate faster than average salaries, until billionaires are removed from society

Public spending allocation is not a major cause of price rises

We don't need to get rid of anything. All we need is for billionaires to pay as much taxes as the rest of us.

Politicians, billionaires, the military industrial complex. Also businesses should be actively financially penalized for putting profit over people. Good luck with that though.

Oh cuts? Cut off the oligarchy, push socialist policies like free dental and health care, make colleges free, re-initiate DEI programs and support, force landlords/housing associations to have a limited amount of owned homes, build more affordable homes, nationalize rail and standardize public transit and bike infrastructure, wealth cap via wealth tax, remove all barriers of immigration and emigration, support international trade, eliminate monopolies and fine them for every community they’ve affected (the money fires to local businesses and new local stores) make slap/useless law suits illegal, ban use of baseless AI, fix redrawn gerrymandered maps, tear down borders between usa, Canada and Mexico and allow free and open travel, work with Canada and Mexico with peace not segregation, de-criminalize non violent crimes, release non violent prisoners, make prisons learning/re-habitation facilities with support - not torture facilities, mandate pentagon a full and thorough Audit (including classified projects, only need to know the amount of money not what the project is), stop any and all proxy wars, heavily regulate businesses, standardize worker unions, and ensure news and news like channels are speaking true and non biased information.

That overall saves money from other spending and won’t fix the balance immediately, but will over time stabilize the economy. However good luck getting any of that situated in usa

Honestly, cuts alone wouldn't do it. You could cut all defense spending, fire the Department of Defense in its entirety, and the Federal Government would still run a deficit. Include all non-mandatory civilian spending as well and you'll barely be above water.

The best things to do would be to increase revenue and enact policies which will allow for savings in existing Medicare programs like allowing for drug price negotiation. There is nowhere near the level of waste in the Federal Government that a lot of politicians claim in how existing programs work.

Dump trump,its a beginning

The US military sucks about $1T a year, but twice that is spent on the most expensive healthcare system in the world. Also, Boomers are sucking more out of social security, and healthcare than they ever paid in.

All could be paid for if they stopped taxing "income" and started taxing net worth. But that would mean taxing boomers, which is not allowed. If they stopped income tax the economy would boom with trillions in spending, not hoarding.

Oil subsidies. And military spending. Those two alond would fund anything that would help people in general.

Nothing. It'd be funny if it wasn't sad. The math isn't mathing, the debt repayment is so high it'll never be paid off normally

Plus you have private debt, which has also grown to an untenable level

There's only three ways out of this historically. First, a jubilee... We just say fuck it, all debts are forgiven and we move forward. Second is a revolution where the new government doesn't acknowledge the past debt

Finally, we have the option that's actually going to happen, hyperinflation. Through devaluation of the currency, most debt will shrink until we get back to a manageable level and hopefully things stabilize

But dropping prices as well? Yeah, that's just not happening. We could drop the prices of necessities through government intervention, but we're going to have to take the socialism pill for that (which might happen, it's looking appealing to more and more Americans these days)

But there's no world where we both balance the budget and drop prices. Just a few years ago, we could've raised taxes and took a hatchet to defense spending and slowly worked it off while keeping inflation at a high but manageable level to whittle it down... But at this point, the debt is just too large

one day before "9 11" the defense secretary admitted the military couldn't account for 2.1 trillion, or something like that. So maybe that would be a good place to start. Also not starting abusive wars that are also very expensive. The US could also tell some debtors to just fuck off, which would break the cycle of depending on borrowed money.