I've written another article for a website that I co-founded, Derive Politics about the American deficit.
"It is no surprise that the United States is running a huge deficit. Ever since the Reagan administration the United States has decided to follow a policy of deficit spending, and with the exception of President Clinton, every president since has run up the deficit and with it the national debt. Regardless of the purpose, deficits have been on this rise. This policy can no longer continue."
Read more here.