What about cutting spending?
Cutting spending is great, but it is only one piece of the puzzle and does not affect our monetary system. Policy can change with the next Congress, so it is not a long term solution. Congress can still tax, borrow and monetize debt to fund spending programs. If Congress can no longer authorize unlimited monies through monetization to fund spending programs, they will only fund those programs which make sense and are needed. The government will get back to doing only those things the private sector can't, won't or shouldn't do.