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Use Article V to Solve the Debt Crisis
Over the last few decades, no force on earth has been able to halt the explosive growth of US federal debt.
At the conclusion of WWII, fiscal conservatives were aghast that our national debt had ballooned to $259 billion. By the end of the Vietnam war it stood at $533 billion and, despite urgent warnings, was over $5,674 billion by the end of the century. Today it stands at $30,000 billion ($30 trillion) after the Biden administration’s horrific spending spree conducted on the pretext of limiting the fallout from Covid.
The reason is pretty simple. Spending other peoples’ money is politically popular. Taxes are not and budget cutting is risky.
America’s recent presidents have been all over the spectrum politically, but they shared one thing in common: near-total indifference to our national debt.
Our nation’s founders were keenly aware of the habits of mind necessary to self-governance. Public thrift was considered essential to prosperity and stability. They knew from reading history that financial insolvency was a primary destroyer of great civilizations.
Daniel Henninger in the WSJ, by way of the 
