The only way to solve the debt cycle is to cut back spending.

Our national debt has hit $40 trillion. But even when the economy grows, it is swiftly negated by the increases in entitlement spending. Cato’s @RominaBoccia explains that the only way to solve the debt cycle is to cut back spending. pic.twitter.com/5muoAZQh6w

— Cato Institute (@CatoInstitute) August 28, 2026