Go here http://www.pjtv.com/?cmd=mpg&mpid=324 (its a budget widget that shows results of changes you can make to its inputs)

and spend a little time 'adjusting' the various spending and taxing levels to try and bring the deficit under control. Remember, after you have found a workable solution of budget cuts and tax increases, you still need to get people to agree to such a radical level of change.

Have fun!

 

Looks tricky.

We have a similar problem in this country too and it's not looking good.