Here's my position, which I find to be the most reasonable of the methods by which to cut government spending:
Start cutting benefits for the rich, and taxes for the poor, and work your way to the middle.
I approve. Of course the rich will keep their tax cuts and poor will continue to get squeezed in this plutocracy masked in democratic facade. Too bad there isn't a Clinton Jr. that can come back in office to undo what Bush Jr. did.