Government Spending In America Is Completely Out Of Control

The spending at the federal government is bad, but the taxing and spending in Democrat-run states is a more imminent disaster waiting to happen.

Allan J. Feifer | May 7, 2026

On March 31st, the U.S. crossed over a financial metric that should scare the heck out of all of us. On that day, our country’s debt exceeded 100% of GDP for only the second time since WWII. We now join debtor nations like Greece, Italy, France, and Canada as horrible stewards of our countries’ economies.

High government borrowing raises the economic risk that interest costs will crowd out investment for everyone and make our system more vulnerable to shocks. The political risk is that it limits policy flexibility and fuels conflict over taxes, spending, and long-term obligations.

High debt may be the single most powerful factor holding young people back from achieving the American dream, whether in education, credit, housing, or starting a family. The debt monster has truly come to devour us, and we’re becoming more oblivious each day as this scary metric becomes our new normal.

However, bad as federal debt is, state debt, in many ways, is even worse. Few realize there’s another primary threat to America’s future, and that’s how state-level debt is the gasoline driving the growth of progressive states and enabling their anti-American behavior.

Progressive political thought, translated into action, can best be understood as the lack of restraint, most notably in Blue states that have two powerful levers at their disposal—taxation and the ability to create unlimited debt. It is through these two avenues that progressives “buy” the loyalty of all those useful idiots required to remain in power and dispense largess.

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