A friend at work sent me a link to a documentary about the economy. It's a short (30 minutes) history of the deficit and where it's likely to go in the future. I found it very interesting and it seems credible. I hesitate to say it is since everyone has an agenda, but I think the historial numbers are very interesting and telling of the country's values. If you have time, click over and watch it.
Unfortunately they don't offer any solutions, but it is a documentary so it's only documenting.