Guys this is not brain surgury here is the spending side for 2011 -
http://en.wikipedia.org/wiki/File:U...._-_FY_2011.png
And here is the income side -
http://en.wikipedia.org/wiki/File:U...._-_FY_2007.png
Erase the 1.2 trillion in difference.
Raise taxes on businesses is out of the question as people then leave the money overseas like we have now. So you can raise income tax and lower spending. If militay, interest and social security are off the table, it does not leave much.