The uncomfortable reality is that fixing this will require tax hikes AND spending cuts. Not just taxes on people you don't like and spending cuts on niche programs, real changes like a VAT and slashing the VA.
That would have been the fix a decade ago, the debt is too high now and the economy too weak.
Both of which can trigger recessions.
That would have been the fix a decade ago, the debt is too high now and the economy too weak.