First ask every government agency except maybe social security to find ten percent of its spending that can be cut. This is a modest doable amount and is a way better strategy than trump and musks ax to the budget strategy.
Heres ai generated ways to raise revenue through tax increases for the rest
| Proposal | Very Rough Annual Revenue
| 2% wealth tax above $10M | ~$700B–$1.6T
| 1% wealth tax on $500k–$10M | ~$350B–$700B
| 20% increase in income taxes on top 10% | ~$250B–$450B
| 10% increase on 80th–90th percentile | ~$40B–$100B
| Estate tax expansion + 20% increase | ~$50B–$120B
| End stepped-up basis above $1M | ~$20B–$80B annually equivalent
| **Total** | **~$1.4T–$3.0T+ annually**
Increasing someone's income taxes twenty percent might sound like a lot but its actually modest... if their original effective tax rate is 25 percent, its only a 5 percentage point increase
Of course, regulating the cost of government Healthcare programs is essential as is finding ways to cut waste, fraud, and abuse. While the governments at it they should do so in the private sector too given so much savings can be found. We dont need universal healthcare, we need to just get the cost thsts already provided under control. This healthcare approach would supercharge our economy and cost savings.
But with or without tackling healthcare the deficit can very feasible get managed with incremental moves. Its not beyond repair yet, which is a significant statement to make in itself