no, just in increasing amounts going forward. depending on our growth rate from here on out, somewhere between 2020 and 2025 we will have to decide whether we wish to fully fund Social Security, Medicare, and Medicaid, or whether we wish instead to have a Federal Government - because we will only have the funds for one of them. and if (lord help us) we ever try to actually implement Obamacare, we probably have less time than that.
you aren't going to get more than 19% of GDP in revenue on any kind of a consistent basis. and (see above), that 19% of GDP will only pay for the entitlements. this means that the "programs to be cut" will include the entire DOD, the Department of energy, the Department of the Interior, Homeland Security, the Border patrol, the FBI, Department of Justice, Food Stamps, Welfare..... you get the idea.