If it were only so easy. Democrats are loathe to cut spending and Republicans are loathe to raise taxes, hence our current fiscal dilemma.
Americans have a lot to decide this November when the choose between Obama and Romney. Since neither candidate is serious about confronting our debt, we'll have to vote for the lessor of two evils.
Things obviously must get worse before we can break out of this impasse. The question is whether or not that will be too late.