The problem is we can't go cold turkey on spending. Yes we need to get the spending under control but we still have obligations too.
It just like us, there is a limited income that has to be managed as we pay down our debits. Otherwords to responsively pay our debits and make few new debits. But we can't cut off our noses to sprite our faces either. It is the same with every one out there.
Businesses, governments, and individuals are same in this respect. This what killing my business as customer are cutting back on spending and the business bills are going up for the same items that has to be replaced. Otherwords some items are costing more to replace than what I sold them for. I actually could use a 10K loan but I had to take a pass on it as it is just not in the budget this year. I am not going in debit just to have file bankruptcy later.