Cut everything 20% starting tomorrow. Everything.
Then start cutting more. Only after the 20% cut do we start debating which programs are important and which aren't. Sure, I think the two primary functions of government are protection from foreign enemies and protection from domestic criminals, but obviously the Left does not agree, so let's just start by cutting everything. We can pick and choose after that.
I don't see why taxes need to be increased, but I suppose we can talk about it. But if you are increasing spending, then I say "hell no" to new taxes...that is just another way to make the problem worse. If the country is going to go down under massive debt, I see no reason to contribute any of my money to that disaster. Any tax increase needs to be balanced by an equal amount of spending reductions.