You have to read my posts more closely JimJoe. I said...

"...That amount would be a substantial whack at our deficits, not nearly enough but substantial start...."

Notwithstanding our desire to achieve fiscal responsibility more quickly, the key issue to be addressed right now is to give evidence to the rest of the world and particularly those sovereign nations and banks that buy our bonds and notes, that the U.S. is a safe place to invest. Without their continued investment, our spending will be cut even faster than your "five year plan", changing our way of life and that of our children and grandchildren forever.

To that end I went on to say (in case you missed it)...

"...That amount ($4 trillion) would satisfy the financial markets and keep our currency and our reputation as a place to safely invest strong..."

By the way, JimJoe, your plan to balance the budget and begin to repay our $14 trillion plus national debt wouldn't even be dented by your $300 billion a year plan. If you re-do the arithmetic you'll see that your plan would only reduce our deficit spending by about $4.5 trillion in five years. Considering the projections of how fast our deficits are expected to grow during your five year period, your program would only cut the annual deficit in 2016 by a little more than 20%. By that time our national debt would be over $20 trillion even with your "aggressive" cost cutting.

Do the arithmetic--I've said that many times before--our problem is a lot more dire than most people realize. We will be totally dependent on lenders to keep lending to us while we try to get our fiscal irresponsibility straightened out. Our politicians better begin to realize that. So should people who cite quick little formulas for fixing the problem.