Opinion by Lau Vegys:

America's problems aren't fixable with patriotic sentiment. They're mathematical realities that don't care about your flag-waving.

The national debt recently hit $37 trillion. By 2033—the same year Social Security's trust fund runs dry—we're looking at debt exceeding $50 trillion. Interest payments alone will consume nearly half of all tax revenue.

At that point, the Federal Reserve will have no choice but to print tens of trillions of dollars to bail out the Treasury. The resulting inflation will make the early 1980s look like a picnic.

And of course, as I mentioned in a recent piece, whether it's $37 trillion now or $50 trillion in about eight years, the headline number is just the tip of the iceberg.

Add it all up—Medicare, Social Security, federal pensions, and other off-the-books promises—and the real financial hole the U.S. government faces is closer to $150 trillion. That’s nearly $1 million per taxpayer.