A common sense approach to resolving the economic national disaster is to maintain the strategic spending of the last fifty years: then pass it onto the next generation of well-educated fools to repeat this cycle in perpetuity.
Let me see if I'm getting this right. We want a common sense approach based on the reality of real life, from a population that for the most part lives in an economic fantasy, with delusions of forever supported by an imperialistic military? A nation that euphemistically thinks it can still spend its way out of a crushing national debt, to become a shining example to the rest of the world?
I wouldn't count on the common sense part of this equation if I were you :).
PS: Anyone up for a fantasy cruise to the spellbinding plateau of mount madness with a topping of conventional insanity into the realm of quantum delusion? Tickets are open for discussion. The cruise leaves precisely at the hour of nonsenseJ.