This has been a point of contention between the left and the right for years. No sensible person argues the sky's the limit on America's capacity to borrow. Pile on enough debt fast enough, and you will do serious damage to the economy. But are we close to that tipping point, as conservatives and the GOP argue? Or are we very far away from it, as progressives (like me) insist?
To definitively answer this question, we need data. Specifically, we need a real-world example of America pushing its borrowing capacity to the max. As it turns out, we've got one: World War II.
This is one hell of a nice article setting precedent for what conservatives (in my view) are pulling their hair out over. So, if my tiny 20 y/o brain can wrap my head around this article, then America's current deficit spending with regards to it's GDP is relatively low? The author's point I derived being, "We have tons of room to start spending more." On this topic, this will sound like a stupid question, but there really isn't any serious issue with deficit spending here? Further, where the hell would that extra money be put toward? Lord knows there's lots of reformation and streamlining (looking no further than, but not limited to, healthcare) that could happen in the different facets of the system before throwing money at any industry willy-nilly.