Our on-coming spending, debt and entitlement crisis is the most predictable crisis in our history.  If you want to understand why I think America may be screwed, consider how we tackle the following issues and which leaders will do a better job of merely mitigating the eventual disaster …

• The average American household’s share of federal spending is $29,691, roughly two-thirds of median household income.

• Federal entitlements are driving this spending growth, having increased from less than half of total federal outlays just 20 years ago to nearly 62 percent in 2012.

• For every $6.80 the federal government collected in taxes in 2012, it spent $10. Consequently, $3.20 out of every $10 spent was borrowed.

• The big three entitlements alone will absorb all tax revenues by 2048. Other spending, such as national defense or interest on the debt would have to be financed completely on borrowed money.

• In fiscal year 2012, Washington spent $88 billion on K–12 and vocational education, nearly triple the amount of just 10 years ago, after adjusting for inflation. Yet these huge infusions of federal funds to these state and local priorities have failed to improve educational performance.

• The 2012 deficit was an estimated 7.3 percent of GDP; the historical average is 2.1 percent of GDP.

• If current policies continue, debt held by the public will approach 90 percent of total economic output by 2022, and will be twice the size of the entire economy 25 years from now.

Those are just handful of just jaw-dropping statistics from the Heritage Foundation’s Federal Spending by the Numbers – 2012.  We cannot continue to elect people who believe that America’s true greatness comes from government spending, as Barack Obama has explicitly told us.  It is quite the opposite …government spending is stripping America of its greatness by creating a nation of dependents and sucking dry the producers.