The Unsustainable US National Debt: A Looming Crisis Ignored by 2024 Presidential Candidates

The United States faces a significant economic challenge due to its massive national debt, which currently stands at $35 trillion. While both presidential candidates, Kamala Harris and Donald Trump, propose tax cuts and spending programs, neither adequately addresses the debt issue. Experts warn that without substantial measures to reduce the deficit, such as reforming Social Security and Medicare, the debt will continue to grow, potentially leading to a financial crisis. Despite the risks, addressing the debt is politically challenging, as it necessitates unpopular decisions like benefit cuts or tax increases. Consequently, both candidates prioritize policies that appeal to voters in the short term, even if they exacerbate the debt problem in the long run. This avoidance makes a future financial crisis more likely, ultimately leaving the public to bear the consequences.