While it’s no secret the federal government has become addicted to spending and debt, what isn’t well known is how quickly the problem is worsening. For perspective, it took our nation 223 years – from 1790 until 2008 – to become $10 trillion in debt.  

Sadly, the United States only needed nine more years to add another $10 trillion in debt, raising the mortgage on our children’s future to over $20 trillion by 2017. Of course, this disturbing trend continued accelerating over the next five years causing borrowing to skyrocket further. Just like that, we added another $10 trillion, bringing the government’s crushing debt load to more than $30 trillion by 2022.

It would be convenient to blame the Great Recession and a global pandemic for the rapid increase in government spending. But our country certainly experienced numerous national and international emergencies over the previous 233 years. World War II is the only time in history that our debt, when compared to the total economic output of the US, has been this bad. Then, unlike today, national leaders unified to pay down the debt because they understood the dire consequences of allowing it to skyrocket.
 
Reckless spending, year after year, has put us in a precarious position, and will make it harder for our children to maintain or surpass the quality of life we have today. We need serious, bipartisan movement on this issue, and fast.