Salt Lick nailed it.

The only way out is through genuine economic growth. But Salt’s list needs to include a wholesale dismantling of our regulatory system, and a replacement with a regulatory regime that respects the Constitution, particularly the ‘Takings clause” and the “Equal Protection Clause”, and is strictly reviewed on a impartial cost/benefit analysis. Without that reform we will not go back to a position of strength and prosperity where we actually make real products again.

Furthermore, that dismantling needs to include a reworking of the system so that the left’s non -productive predatory parasites of the bureaucracy, the legal world, investment banking, the welfare/Nanny State support system and the University system no longer have favored status where seemingly all the material goodies from our legal and regulatory system accrue to only them. These non-productive elements of our society now have tremendous power and will fight tooth and nail to protect their privileged status. They are the real problem that must be conquered.