Taking on debt to give tax cuts may not be such a good idea.
How can you use "more economic growth" to justify tax cuts when those tax cuts are paid for by more borrowed money?
And here's something to consider:
There were six times in US history in which budget surpluses were achieved for long enough to retire a significant amount of debt. Five of those were followed by depressions, the last of which culminated in the Great Depression of the 1930s.
When you start taking money out of the economy to pay down debt (either through higher taxes or less government spending) that starts causing the economy to contract.
What I'm saying is it's going to be very difficult to pay down this debt, and in the meantime time just the costs of servicing it are going to eat away a substantial chunk of the government budget.
Of course the root of the problem wasn't trying to get out of debt but getting into it in the first place.