Question: Our debt continues to grow. Is there a Segula to reverse this trend?
Answer: Certainly. You should spend less than you bring in, and not rely on the miracle of overcoming a simple mathematical principle. The Tur wrote that one should limit his expenses. The Mishnah Berurah explains that this is a harsh criticism against those who are enticed to spend money on luxuries without seeing the consequences, which in the end lead to theft and disgrace. Biur Halachah chap. 529. One should plan well.
Was the Rav perhaps weighing in on the debt ceiling debate? If so, I would have to say halacha sides with the Tea Party and not Obamanomics, but that's a davar pashut anyway.