America is broke

Vox Day:

In 2000, it would have been possible to cut government spending by 15 percent, and that would have sufficed to keep it in line with tax receipts. In 2007, it would have been possible to cut it by 25 percent, and that would have been enough to prevent the debt spiral from getting worse. Due to vast increase in spending that led to the doubling of federal debt since 2008, it is now necessary to cut federal spending in half simply to keep the situation from getting worse.