We have 405 billion we are paying in interest on debt. That's 33% what we spend on SS. 25% what we spend on medicaid/medicare. More than 55% what we spend on defense.
Federal spending is nearly double our Federal tax revenue (7 trillion vs 3.8 trillion). Any household in America knows you can't do this for forever. At some point the bill comes due, and the billionaires and multimillionaires don't make enough. Talk about where we should be spending all you want, when reality is we should be cutting everything the government does to right our budget for the next generations. There isn't even a fiscally responsible party anymore and frankly I don't think the millennials or whatever they are calling the generation after them have a clue how it's going to affect them in their "golden" years. Look at Greece and France and Italy and the measures they are having to take (and literal riots are occurring over) for a hint.