Remember when the national debt used to be a hot topic in presidential debates? Fast forward to 2024, and it seems like the issue has been swept under the rug.
During recent debates, neither Trump nor Harris addressed the soaring national debt, which has now reached $28 trillion, nearly 100% of GDP.
Both candidates have proposed policies that would likely worsen the situation, with budget forecasters predicting deficits in the trillions.
Experts warn that the US economy can only handle so much debt before facing serious consequences, with some predicting a tipping point within the next two decades.
Despite the looming threat, politicians seem reluctant to address the issue, opting for populist promises over tough choices.
As the debt bubble continues to grow, the challenge of finding a solution becomes increasingly difficult.
Whether it’s through spending cuts or tax increases, the painful reality of tackling the national debt will eventually have to be faced.
In a world of political populism, the true test lies in whether leaders and voters are willing to confront the harsh reality of a debt-ridden future.