America has over 16 trillion dollars in debt—a number so high simply cutting costs is not enough. We must make smart investments in infrastructure, energy, basic research and development, and STEM education to keep American industries in both services and manufacturing competitive for a future of growth. We must generate new revenue by leveling the playing field for small businesses by closing special interest tax loopholes. And we must cut spending smartly, preserving our national security and maintaining the programs on which our children, our seniors, our sick, and our war veterans depend. Our future growth—critical to debt reduction—depends on creating a smart balance between cuts and investments.