We are allowing the government to tax and overspend our future into financial ruin.

The US debt crisis is terrible. Currently, every new dollar of US public debt generates just $0.58 of GDP, near the lowest on record. By comparison, in the 1960s this metric was as high as $9.80, and in 2000 it was $4.00, or 7 times above current levels.

Over the last 4 years, US national debt has skyrocketed by $11.6 trillion while US added $6.6 trillion in GDP. In other words, the US economy's productivity has declined near the worst levels in modern history.

What’s the long-term plan here?

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