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Uncle Sam’s spending dooms our kids’ economic future

US government debt held by the public just surpassed America’s entire annual economic output — a milestone that signals a rapidly approaching fiscal cliff.

It’s no secret why: Too. Much. Spending.

New data from the Bureau of Economic Analysis pegs publicly held debt at $31.27 trillion, about $50 billion more than GDP for the prior year.

It’s part of an alarming trend — debt growing faster than the economy, with no end in sight.

And it spells big trouble down the road.

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In just four years, the debt-to-GDP ratio is on course to break........

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