Ideas on how to cut spending

John Kasich, managing director of the Lehman Brothers Investment Banking Group, who was a Republican representative from Ohio from 1983 to 2000, and who often stands in for Bill O'Reilly on Fox, pens this Op-Ed in the New York Times: Deficits, Fruit Flies and the Beltway. He's right.

So I have a few things I would like to say to both sides. To my Republican friends: please don't argue that deficit spending and big government don't matter. They are a claim on future income either through higher taxes, or inflation and higher interest rates. And to my Democratic friends: deficits are not caused by taxes being too low, but by spending being too high. Your solution of raising taxes will lead only to slower economic growth and even more spending in the future. I also have a few suggestions for my former colleagues on what needs to be done: