The Ticking Time Bomb of the National Debt: How 2024 Election Promises Ignore a Looming Crisis

The United States faces a significant economic challenge with its growing national debt, which has reached $35 trillion. While debt warnings have been issued for years, the current situation is unprecedented. Experts believe stabilizing the debt at its current level would require substantial measures, such as reducing annual deficits.

Both presidential candidates, Kamala Harris and Donald Trump, propose tax cuts and spending plans that would further increase the national debt. Their proposals fail to address the looming issue of Social Security and Medicare insolvency, which will exacerbate the debt problem.

Experts suggest that addressing the debt requires difficult decisions, such as reforming Social Security and Medicare, potentially by adjusting benefits and eligibility. However, both candidates have avoided these unpopular topics, focusing instead on policies that worsen the debt.

Ultimately, the article suggests that the issue will likely remain unaddressed until a crisis forces action. This delay will ultimately result in a more costly and painful solution for everyone.