Let’s stop pretending this is normal. The United States has racked up over $36 trillion in debt. This year alone, we’re staring down a $2.75 trillion deficit. That’s a 38% increase over last year and the largest ever recorded — even while revenues are at all-time highs. We don’t have a revenue problem. We have a spending addiction.
Washington has mastered the art of borrowing to win the next election, not to build a sustainable future. If nothing changes, our national debt will hit 118.5% of gross domestic product within a decade. That’s not a fiscal cliff; it’s a crater we’re actively digging deeper.
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