Any turnaround must begin with clear and realistic goals. By the end of my first term, I will bring federal spending as a share of GDP down from last year's staggering 24.3% to 20% or below. This level is in line with the historical average and nears the tax revenue our economy generates when healthy. With economic growth of 4% a year, meeting this goal will require approximately $500 billion of spending cuts in 2016, and that would still allow us to undo the Obama administration's irresponsible defense cuts.
via usatoday.com
