What's happening now has to happen now or it won't happen at all and the govt will collapse in a default. That outcome will be far worse for everyone than this. As it is, there isn't a single govt worker or elected official who gives a shit about efficiency. This is textbook end-stage democracy where everyone grabs whatever benies they can until the system breaks. If that happens, we'll get a real tyrant like Stalin. He'll be a Democrat and will make Trump look like Santa Claus.
Discussion
The government's going to go into default regardless, it doesn't matter who's in charge, and I really don't think there's anything that can be done to stop it at all. That said, as it relates to this conversation, economic default doesn't really have anything to do with efficiency, not directly anyway.
Sure it does. cutting costs and spending (and yes they have to go together) slows the growth of the debt and holds off default. I just want people to have as much time as possible to prepare.