Spending cuts alone will not solve the US economic problems. It is going to take a combination of spending cuts, economic growth and judiciously raising revenues in order to reduce the deficit.
The trick is knowing when and where government should spend money and where to cut. Cutting everything is not a good approach.
The problem is we do not know how to prioritize spending cuts and government spending because we have no Plan - no vision for the future. Our President, Congress and even the current gaggle of GOP presidential candidates have no vision and no plan for America. All of them are bankrupt of ideas.
I fear we are screwed.