Making things generates revenue, which is taxed. Of course, entitlement reform will be the most important thing of all. If Obama wins another term (a scary thought), that won’t happen.
Fantastic! You just increased tax revenue by $1.00, and the government spent all $1.40 of it! Wait a minute, how does making things decrease debt?
The only approach is to starve the beast by cutting spending, not to gorge it with revenues even if those revenues come from growth. Congress will spend every penny the taxpayer sends it and then some.