In the 1958 movie The Blob, starring a young Steve McQueen, a giant expanding mass,

a blob, threatens to destroy an entire town and everyone in it. It keeps growing and growing

and no one can stop it. The United States debt is like that blob. Unlike the fictional blob,

it threatens to destroy more than an entire town, it threatens the entire nation.

Where is Steve McQueen when you need him? Here are some numbers. The national debt currently stands

at $22 trillion. That's trillion with a T. 10 years ago, it was $10 trillion. 10 years from now,

it's projected to be $34 trillion. The interest payment on our debt is currently $300 billion per year,

heading towards a projected $1 trillion within a decade. At that point, a fifth of all federal taxes

will go towards the interest on the debt. Not education, infrastructure, and defense. You know,

the stuff government is supposed to do. And that's with historically low interest rates.

Imagine if those rates normalized. Well, maybe you don't want to imagine it because that picture

is very dark. In a better world, voters would be marching on Washington demanding that our politicians

dig us out of this hole before we're buried in it. In the real world, almost no one cares.

But we should care. And any thinking person left or right understands why. No individual

in no nation can accumulate debt indefinitely. Europe was able to bail out Greece with some loans

a few years ago. But Greece is a small country. If the US goes boom, there's going to be no one to

bail us out. So what's driving the debt? And more importantly, how do we drive ourselves out of it?

The debt has been growing for decades. It got supercharged by the 2008 recession.

Revenue's fell while spending soared under President Obama, the debt doubled from $10 trillion to

$20 trillion. In the first two years of the Trump administration, we've added another $2 trillion.

So what are we to do? First, we need to identify the primary source of the problem. It's pretty basic.

You can talk about defense spending, welfare spending, or bloated budgets all you want.

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