In 1982, President Ronald Reagan famously remarked that “we don’t have a trillion-dollar debt because we haven’t taxed enough; we have a trillion-dollar debt because we spend too much.” Exactly 40 years later, these words still ring true as Washington’s addiction to spending has only worsened. In fact, since the day that Reagan aptly described our serious debt crisis decades ago, our national debt has grown 30-fold, ballooning from a “modest” $1.1 trillion to more than $31 trillion today.