The U.S. National Debt is Rising by $1T About Every 100 Days

I can't square the incredible performance of the market and health of the US economy with the deficit. If times are so good then why aren't we taking advantage of the opportunity to pay down some debt or get control of our deficit? I don't even want to think about what happens in a crisis.

Where is most of this spent?

When the Democrats hold power, this crisis will be exploited to enact heavy taxes on 401ks and the like (recent think tank white papers are creating ground work for this).<p>When the Republicans hold power, this crisis will be exploited to cut Social Security for Gen X and younger and take an axe to other entitlement programs.