Watch out! At this very moment, professional economists of all stripes are making plans on your behalf. They’re dreaming and scheming new and innovative ways to spend your money long before you’ve earned it.

While you’re busy at the gristmill, grinding away for clients and customers, claims are being laid upon your life. Your future earnings are being directed to boondoggles galore. Yet these claims are in addition to everything Washington’s already signed you up for.

The reality is the growth of federal debt has been out of control for decades. The solution that’s always repeated for reeling this back is that, somehow, the economy will grow its way out of it. This has yet to transpire despite a variety of policies over the years that have generally involved borrowing money from the future and spending it today.