What if we stopped spending $3.8 trillion on ineffective healthcare, or $1.2 trillion on welfare instead? Or just reduced our spending on those proportionally to save the $1 trillion?
You don't fix what you spend on your credit card by not paying the bill.
That is not how government budgets work, at all.
For starters, payment within a household budget are not typically to other members of the same household. The house's mortgage debt isn't to another person resident there, the groceries aren't bought from an household member.
Payments within a country are. It's circulation of money within the entity, not income and outgo.
And a household does not own their own bank to manage the circulation.
https://theconversation.com/why-the-federal-budget-is-not-li...
https://positivemoney.org/2018/10/a-government-is-not-a-hous...
https://www.forbes.com/sites/francescoppola/2018/04/30/gover...
Your government will have more money to spend usefully, and the world would be a better and safer place.
Government expenditure in the USA isn't unreasonable in itself, being lower than most other liberal democracies and even the levels in the USA in prior decades.
Either jacking up taxes or cutting government spending by like 20% total in the middle of such an economically precarious time seems far too risky, anyway. Times like these are what deficits are for! It's a shame the country was in a bull economy and yet still entered the pandemic already fiscally stretched to breaking point.