Well, we can thank the Republicans that we all will continue to live in our fantasy Disneyland world. They just voted down the pay-as-you go bill. We can have tax cuts, war, etc. and we don't have to pay for it. Our debt ceiling is now 8 trillion dollars.
The fiscal conservative Republicans can continue to borrow the money (soon to be up to 2 billion dollars per day.)
Assuming our current debt, each future worker will pay $85,000 over their lifetimes just in interest. Of course most of this will fall on middle and low income people. This interest goes to institutions like the Bank of China and countries like Saudi Arabia.
Gosh, let's just eliminate taxes completely (at least on the rich) and borrow the entire budget amount each year. Our children can deal with it later.
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