Ron Paul put forward his budget with one trillion cuts in the first year and balances the budget in four years, see here http://www.ronpaul2012.com/the-issues/ron-paul-plan-to-restore-amer... Take a good look at it because this is the type of cuts that caused the remarkable recovery in the "recession that wasn't" in 1922. http://www.washingtonpost.com/opinions/warren-harding-curing-a-depr... Our problems are no more complex than they were back then, for all of the suffering comes from government spending too much and there is only one cure.
The only time politicians can guarentee cuts and "survive" them is to cut deeply and immedaitely in the early months after a successful election. This gives the private sector the time to rebuild capital, create jobs and start the multiplier affect of economic prosperity that can be felt by all in eighteen months, right in time for another Congressional campaign. This then locks in the success by maintaining a majority to continue cutting in the next two years of a President's term.
Rand Paul, Ron Paul's son has put forth a budget that balances in five years...a more moderate approach, see here http://www.scribd.com/doc/84514049/SENATOR-RAND-PAUL-S-PLATFORM-TO-... .
Now conservative insiders are claiming the "outpost" of ten years to balance the budget. Problem with the ten year approach is that only those cuts in the current two year cycle are in Congress' and the President's control. They can make structure changes such as to entitlements but those can then be changed back if the stuctural change is merely superficial.
As we witness the House Republican leadership blow a hole thru their budget limits with their five year $260 billion Highway and Energy Bill http://www.reuters.com/article/2012/03/08/us-usa-politics-transport... and the Senate's even larger budget busting two year Transportation and Energy Bill at $109 billion, see here http://www.foxnews.com/politics/2012/03/14/senate-passes-two-year-h... we can't be confident that either party would agree to any future cuts. (Note House is five years at $260 Billion, the Senate is two years at $109 Billion (and hence more expensive) and BOTH are beyond irresponsible and due to their profligacy and mal-investment will be another anchor around the neck of American prosperity.)
So, cuts must be deep and immediate to cut off those that take our money to use against us. It takes eighteen months for the private sector to regain the government jobs cut and the economy would be in a very strong position barring no government created crisis coming into another election.
Call your Senators in Washington DC and your Congressman who are now in their home districts and tell them to live within the budget they put forth last summer. There should be NO growth in government spending.