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Comment: If we're talking about magic wands...

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In reply to comment: My solution would be 300-400 (see in situ)

If we're talking about magic wands...

...I'd use mine to cut federal spending to ~$300 billion, eliminating all functions of the federal government except national defense and the federal courts. Eliminate all federal taxes for a number of years, funding the newly right-sized government through sales of its several trillions worth of assets, and then when that's exhausted, institute a low and uniform tariff (~15% would do the trick) to fund it going forward. Problem solved, you're welcome. ;-)

"Alas! I believe in the virtue of birds. And it only takes a feather for me to die laughing."