In what way?

Austerity drive. Cut the fat, ban earmarks and raise taxes.

Billionaire investors will go on capital flights when taxes are increased. More job losses during economic austerity.

Endless credit lines resulting in massive debts accrued by  foreign and national debts.  All the debts are accruing high amounts of interest which must be paid back in the future. 

More foreign debt results in a higher percentage of the economy being owned by foreign creditors and international bankers/financiers. There are a couple of way out of a huge  foreign debt crisis: One way is to deflate the currency by printing more notes. Halve the value of your currency and that results in the foreign debt being halved. The second way is to take up a new currency- the debt is automatically defaulted on but this would screw your chances of securing borrowings from foreign creditors: credit rating would be screwed. 

No gain without pain in this case. The USA actually can't afford to continue spending at this rate, some form of austerity and/or tax increase is going to be necessary.

There is no way to cut a defecit without either raising more money or spending less of it.

Losing billionaire investors means big companies go overseas. Lots of job losses and unhappy people which will have a big impact on the economy. When company taxes are too high and are not competitive the businesses would be forced to go overseas. Increasing taxes would be increasing company taxes and personal income taxes.

Welfare spending, public service spending, Education spending, health spending all need to be reduced.  Defence budget needs to be reduced significantly: 150 US military bases around the world is a bit too excessive. 

66% or 75% Congress majority needs to be obtained for any change to be passed. That is a huge problem. Economic reforms rarely get passed through US Congress. 

All they need to do is raise taxes and cut spending - the current UK government is being serious about cutting the deficit quickly

tsk tsk

US debt is bigger than any other debt but everybody has to shut up.

What US bank/Corporation did to Greece is just insane ...

You don't need to raise taxes, you can also make the work weeks a few hours longer for free..

People should realise that the living standars of a few years ago will not be the standard living standars in an decennia or two especially when an big part of the world find it normal to work an minimum of 12 hours a day and a minimum of 6 days a week...