If taxes and government spending are both slashed, then the salutary result will be to lower the parasitic burden of government taxes and spending upon the productive activities of the private sector.

You balance the budget by restraining the growth of government and encouraging the growth of the private sector.

The private sector is motivated by profit and efficiency and the US government often is not.

Leadership at the civic level is designed to be inclusive, but has difficulty being effective. In the private sector, leadership is based on meritocracy. Digital economy should be led by the private sector and the role of government should be to facilitate and support it. [On Strategies for Global Digital Economy]

Living standards in both the public and private sector have to be brought down. The private sector has to sell more abroad and consume less at home. The government sector has to get closer to just spending what it can collect in taxes.

We need the private sector to create jobs. If the government could create jobs Communism would have worked, but it didn't.