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

The upcoming presidential election presents a concerning financial outlook as both leading candidates, despite acknowledging the issue, propose plans that will further escalate the already record-high national debt. Experts warn that without significant changes, such as reforming Social Security and Medicare, the US risks a debt crisis leading to recession and economic instability. While stabilizing the debt is crucial, neither candidate is willing to campaign on unpopular but necessary measures like benefit adjustments or tax increases, opting instead for policies that prioritize short-term gains over long-term economic well-being. This avoidance of tough decisions, fueled by public reluctance to accept necessary sacrifices, makes a future financial crisis increasingly likely, leaving the nation facing a hefty price for inaction.