Explain what you mean by “mismanagement”. I have explained to you in the past that the way you frame things is not accurate at all. The federal government can spend whatever it wants, the real limit is full employment and full productive capacity. You reach that, and still create more money (private banks create more money than the state does anyway), inflation likely ensues. That is the limit. Otherwise, the only way the government can create money and inject it into the economy is by creating deficits. Period. We issue bonds AFTER deficits have been created only because the Federal Reserve Act requires us to (we can change the law and simply not issue bonds after deficits have been created if you don’t like public debt), but the bond issuance happens after the deficits have been created and spending determined, which means that the government isn’t really borrowing, the creation of bonds only occurs because the law currently requires the state to (it was written in the gold standard era). For many reasons, deficits and government debt are simply non-issues in and of themselves. What has been mismanaged has been where that money goes once it is created (to the rich and corporations) and the fact that we allow private banks to create well over 90% of money.
Explain though what you mean by “mismanagement”. Are you claiming that deficits and public debt are problems? If so, explain your logic. Cause deficits and public debt require no cuts what so ever. Now, a year from now, a decade from now. And the state (the federal government at least) doesn’t need to tax or borrow in order to spend.