Capital Review

With the election mercifully behind us, Americans should expect those we’ve elected to get to the less-pleasant task of governing responsibly. While hot-button issues such as immigration, inflation and foreign affairs will garner most headlines, a more pressing concern is too often overlooked: America’s staggering national debt.

Growing faster than the economy and projected to reach a record share of gross domestic product within three years, our debt is a national crisis. If we continue down the current unsustainable path, we are flirting with catastrophe that would dwarf the Great Recession...