"Hundreds of billions" doesn't even get you close to balancing the budget. "Maybe trillions"? Now you're talking. At current levels of revenue and spending, we'd have to cut something like a trillion and a half in spending just to balance the budget for a year. (None of this "we'll save $ X billion over ten years" we now see so often from Washington.)

So now the $64,000 question, Richie. Tell us all how we come up with a combination of $1,500,000,000,000 in spending cuts and/or tax increases? Just be general for us...round it off to the nearest $100 billion.

I for one will be waiting for your thoughts.