The U.S. National Debt has surpassed its GDP, raising concerns about fiscal sustainability. Some argue for a balanced budget amendment to cap debt and reduce spending, while others believe that historical precedents show high debt levels can be managed without catastrophic consequences. The debate highlights the challenge of entitlement spending versus discretionary cuts, with many emphasizing the government's inability to take substantial action to address the issue. Additionally, there is skepticism about the effectiveness of tax increases in generating revenue beyond 20% of GDP, suggesting that structural changes are necessary. Overall, the discussion reflects deep divisions on how to tackle the growing national debt and its implications for the economy.