The US has trillions in untapped oil and gas and mineral resources. IER estimated the worth of the government’s oil and gas technically recoverable resources to the economy to be $128 trillion in 2013.
The Federal Government now spends more money on Social Security, Medicare, Medicaid, interest on the National Debt, and defense than it collects in taxes. So without cuts to those categories, even if the government totally eliminated all other spending, the budget still wouldn’t balance.
These massive deficits in spending every year, by every president of late, has kept the system barely functioning. The only ‘growth’ we get now has been massive deficits and debt, and Republican and Democrat voters show no interest in stopping that spending.