My preferred way would also to be to eliminate expenditures, but failing that, redirecting taxes in a way that grows the US internal economy as much as possible, and incentives the re-industrialization simultaneously, is an interesting experiment.

Everybody wants to reindustrialize yet I don’t see a lot of people signing up to work in a factory. Why don’t you go be the change you seek?

Eliminating US government expenditures would obliterate the entire economy overnight.