Commentary I’ve been sounding the alarm about chronic federal deficit spending—practiced by both Republicans and Democrats—steering our country into a fiscal abyss for over a decade. I feel like a broken record as I periodically chronicle the folly of it all. The process has taken on an air of inevitability as we watch what feels to me like a slow-motion train wreck. I’ve remarked on various milestones along this dangerous course: Americans as a people and a polity are astoundingly indifferent to debt and have embraced it as the (temporarily) normal way to live. One disturbing marker along the way was the grim prospect of more of our tax dollars going to service the national debt than on national defense. (I also pointed out that this has only been possible because a compliant central bank, the Federal Reserve System, has suppressed interest rates—the cost of borrowing money—for over a decade …