The necessity to prioritize government spending is crucial, especially in addressing issues like entitlement reform and industrial policy. Despite the historical lack of immediate consequences from debt and deficits, the current trend of increasing budget deficits and public debts in the US can lead to severe long-term impacts on productivity. The complacency and arrogance about America's ability to sustain spending due to its position in the global economy are concerning. There is a need to reevaluate spending priorities, recognize the potential consequences of escalating debt, and move away from the assumption that perpetual funding will always be available.