The US gov has had large deficit spending equivalent to 3-4% of GDP per year for the last 20 years, and yet GDP per capita has only increased 1% per year. That

The US gov has had large deficit spending equivalent to 3-4% of GDP per year for the last 20 years, and yet GDP per capita has only increased 1% per year. That's pretty darn bad. That's like driving your car petal to the meddle and only managing 21mph. Check this out, 5th chart down on all the coutnries and their debts: https://democracyjournal.org/magazine/42/the-private-debt-crisis/ https://democracyjournal.org/magazine/42/the-private-debt-cr... It might not be so bad if it was just the US. But, most of all the major countries in the world all have a similar problem with deficits: France, England, Japan, and even China. All of their debts (public + private) are about 200% of GDP and over. But, what's most striking is the difference between 1980 and today. That massive increase shows that the level of spending we're accustomed to is not sustainable.