Doesn’t matter now. The time to fix the debt was years ago. We are already off the cliff; gravity just hasn’t pulled us down yet.
Yes, unfortunately the die was cast some years ago. I wish it wasn’t. W really got into it and the election and re-election of Obama pretty much sealed the fate of just that 21 trillion.
It’s not just the debt. Take the debt and the unfunded liabilities and you’re talking a lot, right there.