If an individual is spending more money than they make, they must either make more money or spend less. If they decide to spend less, they will maintain the essentials and trim back on the non-essentials.
The same is true in the business world. If you are not making a profit, then you need to remove non-essentials from your operating costs. This can sometimes involve painful decisions. It is important to make the right cuts.
The same is true with our government. It is time to recognize what is necessary, and what is non-essential. It is high time to reduce spending in non-essential areas. It is not a time to be spending more money. It is time to be spending less.
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