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

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. However, rising costs for Social Security and Medicare, coupled with increasing interest payments on the debt, make this goal challenging.

Both presidential candidates, despite acknowledging the issue, propose plans that would exacerbate the problem. Their proposed tax cuts and spending increases would further escalate the national debt. Experts argue that addressing the debt necessitates politically unpopular decisions, such as reforming Social Security and Medicare, which neither candidate is willing to endorse.

Ultimately, the article suggests that without a crisis forcing action, politicians are unlikely to prioritize addressing the national debt, potentially leading to more severe consequences in the future.