The only serious attempt I've seen to address US budget issues was the Simpson-Bowles Commission under Obama in 2010. It recommended a menu of tax increases and benefit reductions. It was promptly ignored by Congress which was not surprising. As an exercise it was useful just to demonstrate what a serious proposal would have to look like and the nature of compromise that would be needed.
Of course, in the 15 years since the fiscal situation has gotten worse, so any of the recommendations it made then would need to be more severe now.
Of course, in the 15 years since the fiscal situation has gotten worse, so any of the recommendations it made then would need to be more severe now.
https://en.wikipedia.org/wiki/National_Commission_on_Fiscal_...