The debt is now so huge that it if we paid it back at a rate of a dollar a second it would take 416,000 years just to pay back the principal. It is this massive debt and the interest on it which is causing the economic decline we are currently experiencing, because while families and businesses are cutting their costs and scrimping and saving and not spending, government continues to spend out of control and put us further and further into debt. The inevitable result of this will be massive increases in taxes so long as the administration and congressional Democrats lack the good sense to actually cut spending. For decades to come Americans will suffer under debt which will retard economic growth and tax the people beyond their ability to pay.
As I write this it's probably already too late to do anything to stop this abomination. But from this point forward we have to demand accountability. Every Senator and Representative who voted for this budget and for the Stimulus bills must be voted out of office in the next election. We need to replace them with congressmen with the vision to rethink how our government operates and the will to make cuts which are unpopular with special interests so that they can start to lift this unsupportable burden of debt from the American people.
It's time to press "reset" on our government and go back to the beginning and start over building a government limited to the essentials exactly as George Washington did in 1789. It may seem extreme, but I think that maybe the only way to deal with this situation is to disband the entire federal bureaucracy and shut down every federal government program and start over. It would even be worth it to give federal employees several months of paid leave to find a new job. Then restart the government from scratch. Eliminate as many programs and departments as possible and assign as many of the remaining responsibilities as we can to the state governments. Then reestablish only the essential functions of the federal government as outlined in the Constitution — national defense, some basic regulation and foreign policy. It took us 200 years to get to this point, and if we go back and start over maybe we can keep this country economically viable for a few more.