Is the U.S. Government Too Big to Fail?

As we sit here today on the eve of America's birthday, we face the greatest challenge to our economy, security, country, and most importantly our freedom. After nearly two and a half centuries of building our country with prudent levels of debt, we have recently allowed our political leaders to double the debt from $17T in 2013 to roughly $35T today, driven by massive stimulus spending and endless, multi-trillion-dollar deficits. This year's deficit, at a time of immense prosperity, is roughly $2.2T, derived from government spending of $6.7T and $4.5T in tax income, generating a 48% loss ratio. The U.S. debt is a whopping 8x our tax revenues, and our total debt is the same as 17 of the top 20 largest economies combined, 75% of the value of the entire U.S. housing market, 2.5x of the global gold reserves, and far beyond what the country could ever repay or even maintain without massive reductions in our deficit spending. After a century of building our nation to be the wealthiest power in human history, in just 15 years we have decimated our financial core and put our status as the world's currency at risk. Our tax income grows consistently with our GDP at roughly 3% but our government spending grows at almost double that and at $6.7T, most political leaders are not willing to cut any of their programs for fear of losing the next election.