Washington spending has reached an historic high of 25 percent of our economy, fueled by bailouts, “stimulus” spending, and costly health care mandates. We are piling a mountain of debt on our children. The National Debt has doubled in just the past 5 years.  It's projected to triple over the next 10 years. Washington is now borrowing 40 cents of every dollar it spends. The  Federal expenditures topped $3.7 trillion in 2010 and are expected to grow to $4.3 trillion per year by 2019. “Auto-pilot” spending on entitlement programs has risen by more than 579% since 1965. Taxpayers can no longer afford a bloated federal budget full of earmarks and programs for special interests. The budgetary process must be reformed to improve transparency and identify wasteful and redundant federal programs. In addition, institutional changes must be considered to constrain spending by politicians. Examples include a balanced budget amendment, a taxpayer’s bill of rights, and a supermajority in Congress for any tax increases. The size and scope of government must be returned to a level that the nation can afford. Forecasts suggest that the Obama administration’s spending proposals will push the national debt to 90% of Gross Domestic Product by 2020, doubling to 180% of GDP by 2035.  The interest alone on the current debt already accounts for 5% of the federal budget, but will equal the entire budget by the year 2050. If action is not taken imminently, the federal spending will bankrupt the United States, thwarting economic growth and threatening our competitiveness in the global economy.