Like it or not the last 30 years of American conservative economic theory has been an utter failure. When people on the left claimed (for partisan reasons of course) that there was a deficit, then people like Cheney and other "intellectuals" on the right said it did not matter.. jobs and economic growth mattered.... then guess what.. the left were 100% right! Now that the very same people on the right are in the opposition then suddenly the deficits matter... hypocrites.... and of course the people on the left are silent because they are in power.. also hypocrites.
Like it or not, you will need to increase revenue and cut spending.. lets take it to primary school level for the US right (some).. seems to be a standard on Fox News these days.
If you have outlays of 100 dollars a month but only earn 60 dollars, the you either have to cut 40 dollars of your outlays or increase your income. Now if your rent/food/utilities are alone 70 dollars (aka stuff that is damn hard to cut), then cutting the total 40 dollars is unrealistic.. unless you want to have no home or no food or no heat/water. So your only alternative is to get more income to cover what is left.... a second job for example..
Hope that clears it up...