Reminiscent of an episode of “Lost In Space” the Congressional Budget Office has issued the alert “Warning, Will Robinson, Warning!” In this version, you and I are Will Robinson and collectively we make up a very large life form.

The advisory on the long-term national budget came out Tuesday, September 17, 2013 and signaled that the national debt was an astounding 73% of the gross domestic product (GDP). This is twice as high as it was in 2007.

Our budgetary waistline is so bloated we certainly should have attracted the attention of the First Lady by now. Surely she could propose some sort of debt-reducing monetary-celery for us to chew on.

If we do not do something quick we will have to resort to some form of budgetary lap-band sequester-surgery which would not be a pleasant prospect but still preferable to a coronary debt-occlusion. Left unchecked our voracious appetite will undoubtedly grow to truly frightening proportions. Imagine “The Giant Blob That Ate the U.S.”

The CBO had a further warning that 25 years down the road, the debt will swell to 100% of GDP. That is like the whole pie and we will be left with an empty pie tin.

James Pethokoukis at American Enterprise Institute notes that even the debt has side effects, “… when you take into account stuff like how deficits might “crowd out” investment in factories and computers and how people might respond to changes in after-tax wages, you find the debt is much, much larger, closer to 200% of GDP.”

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