The Debt Gap That Never Closes

The next great crisis--America's Debt: At this rate, your share of the load will be $155,000 in a decade. How chronic deficits are putting the country on a path to fiscal collapse. CNN Money:

The bill is far too big for only the rich to pick up. There aren't enough of them. America will have to lean on citizens far below the $250,000 income threshold: nurses, electricians, secretaries, and factory workers.

Apparently we are all "rich" now. 

We need to cut spending. NOW.