Here’s an interesting, brief article written by Frank Ryan, published on The American Thinker.
Great Britain's tax rate at one point in time exceeded 70%, and as such, Great Britain experienced a great "brain drain." Many of those citizens came to the United States.
The United States is likely to experience a similar brain drain and economic malaise if the fiscal policies of the past and present go unchecked.
The solution to the problem of creating a devastating paradox of a debtor-prison nation is to uphold the principles of our Constitution in Article 1, Sections 7 and 8 and limit the growth of the federal government.
The Repeal of the 17th Amendment, while not likely initially, would begin the process of limiting federal government growth.
The 17th Amendment to the Constitution diminished the rights of the states by allowing for the popular vote for the U. S. Senate, such that the stage became set to have the federal government begin to assume a role for which it was not originally intended. This creates an environment in which states may have their financial solvency threatened by the actions of other states when the federal government becomes the lender of last resort to the insolvent states.
When a nation has such extensive debt, as in the United States, that it restricts its options for creating and fostering economic growth or prosperity for future generations, it is likely that the nation will cease to flourish as it has in our past. Opportunities to escape to other states may be for naught if the problems are national in scope.
A significant, prolonged, and sustained economic malaise will likely occur with our current debt burden and unfunded obligations.
Only disciplined, controlled reduction in out-of-control public-sector spending will reverse this trend...which started in the 1930s. Keynes, you opened a can of worms!
It seems to me that among the people I talk to, they either “get” the problem of our national debt, or they’re blissfully oblivious.