The solution I came up with is 80 percent raising taxes, 20 percent cutting costs. I guess I really am a lefty.
But, I didn't touch military budgets at all, except for cutting civilian overhead.
http://www.nytimes.com/interactive/2010/11/13/weekinreview/d...
The biggest shock for me was how little 'cutting earmarks' actually accomplishes, at merely $14 billion. I'm shocked because of how much political hot air is exhaled on it.