There is a reality we must acknowledge to begin moving toward national fiscal solvency and sanity — resources are finite. Accepting this fundamental fact is our Vince Lombardi moment to zero-in on the basics, just as his Green Bay Packers team did after he delivered his famous line, “Gentlemen, this is a football.” They then went on to win the NFL Championship that year.

Getting back-to-basics with our country’s finances means we first must deal with our unsustainable practice of borrowing $2 trillion each year to fill in the gap between spending $7 trillion while only bringing in $5 trillion. Adding $2 trillion to our debt annually over the last decade has quickly doubled our liability from $20 trillion in 2017 to $40 trillion now.

Yet while we are still enjoying growing capital markets, the concerns over our growing national debt are increasingly difficult to ignore as our country spends over $1 trillion each year on debt interest (roughly equivalent in size to our U.S. Military and Medicare budgets). Furthermore, U.S. Treasury bonds now carry debt risk that has pushed up interest rates, and our debt is greater than our gross domestic product.

Hitting the $40 trillion mark is........

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