Deficits are almost never solved on the spending side alone. The most effective deficit reducing policy is expanding productivity and low unemployment (say around 4%). Low unemployment reduces deficits in a number of ways. The most obvious is higher tax revenues from greater economic activity and consumer spending, which multiplies through the economy and produces even more economic activity. The other way is by reducing the amount spent on social safety nets – unemployment insurance, food stamps, Medicaid and the like. And the most productive spending is on infrastructure, research, and stuff that improves the productive capacity of the nation. If the private sector is not providing sufficient spending, which in a moribund economy, it almost never does, it is up to government to get the ball rolling – roads, bridges, ports, etc. But for the government to spend they need tax revenue. And the place to tax is on the wealthy, much as was done after WW2 when the nation flourished. Probably the Republican House knows what has to be done, but they will not do it for Obama. Get a Republican in the White House with a Republican House and watch the tune suddenly change and the money taps be turned on. Either that or they will continue with their failed policy of tax cuts, in which case the economy goes down the drain once again. A better outcome would be for a Democratic House in 2014. Then look for a saner economic policy.