Politics is largely the art of theatrics and illusions. Crises are manufactured to enable both parties to claim to be the firefighters who extinguished the fire. But the underlying problems remain unaddressed, guaranteeing a new crisis in a never-ending cycle. The recent debt ceiling deal, suspending the debt limit for two years, is emblematic. The crisis was created by government spending extravagance that had sent the national debt surging past $31 trillion and incurring carrying costs approaching $1 trillion even with record low interest rates. The Congressional Budget Office projects the national debt at a staggering $50 trillion by the end of the next decade. If interest rate
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