Yup. The military is sacred to neocons. But if we stopped policing the world and brought our troops home we could save about half a trillion a year. If we cut all the corporate welfare like ethanol subsidies and green energy initiatives, we can reduce about 100 billion. End welfare and we can get it to a cool trillion in real cuts.
We're still 300,000,000,000 over budget. Cut every department by 10%, every year, for the next 4 years, and put the surplus toward paying the debt. Pay that down, and continue to cut. Real cuts.
The day the debt is paid off, 10 years or so, cap spending at that level and then lower taxes based on prospective spending. No debt. Ever.
And end the Fed!