The Ticking Time Bomb of the US National Debt

The United States faces a significant economic challenge with its growing national debt, which has reached $35 trillion. Experts warn that if the debt is not addressed, it could lead to a financial crisis. While stabilizing the debt at its current level is possible, it would require substantial measures such as reducing annual deficits. However, both presidential candidates, Kamala Harris and Donald Trump, propose policies that would further increase the national debt through tax cuts and government spending. Addressing the debt would necessitate unpopular decisions like reforming Social Security and Medicare, which neither candidate is willing to campaign on. Consequently, the issue is being ignored, likely leading to a more severe crisis in the future.