After an honest effort is being made for those, I'd be open for most other things. Possibly increasing taxes? Sure. I would get behind that if it at least raises it a bit on everyone, even if its raised more on the rich than others, but I would not support that burden being placed only on a single group of people. Ultimately, if I had my druthers, I would want to see a 1 or 2% sales tax placed on everything that isn't food or medication, in which that money would go DIRECTLY to an additional debt payment. This would allow us to actually begin to pay down the principle of our debt rather than continuing to just pay the interest, which would intern lower the interest payments in the long term and reduce spending.
Along with that I'd want us looking into a number of other things. Removal of waste and redundancy in the government. Reform of the tax code to simplify it, thus reducing the cost of the entire tax structure. The removal or reduction of many subsidies, be it to oil, corn, art, or science. Foreign aid expenditures, etc. And I could go on.
But I would not support either of those things...the reduction of discretionary type spending or raising taxes...until and honest effort has begun under both of those two larger sections of spending. Increasing taxes while letting the rest stay bloated is nothing but a recipe for continuing to be bloated and I don't think it would be healthy or very viable to raise the near 70% additional revenue we'd need to sustain this bloated government we have. If we raise taxes first all we're doing is giving the crack addicts on both sides the cash they need to get more of what they crave. Then somehow, stupidly, are expecting them to give up their crack. That doens't work. Additionally, I'm not in favor of pointless rinky dinky cuts like foreign aide that are nothing but a drop in a bucket and are simply a murmers show to hide the bigger issues.
I'm for a whole host of ways to deal with our financial crisis. But I'm not for kicking the can down the road by looking at minor things while ignoring the big glaring issues that are there.