Soaring debt is bucket of ice water America needs

The recent news that our national debt has swollen to $40 trillion should be the “bucket of ice water” America needs to finally address our financial woes. Our nation is on an unsustainable borrowing trajectory, and it is getting much worse! If left unattended, we will drown in red ink.

The federal debt is larger than the entire value of the goods and services produced in our country. Our economy,...