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

The United States faces a significant economic challenge due to its massive national debt, which has reached $35 trillion. Experts warn that without action, this could lead to a financial crisis.

Both presidential candidates, Kamala Harris and Donald Trump, propose tax cuts and spending plans that would further increase the debt. While they claim to protect Social Security and Medicare, experts argue that their proposals make stabilizing the debt impossible without reforming these programs.

Addressing the debt requires significant measures, such as cutting spending or raising taxes, particularly by reforming Social Security and Medicare. However, both candidates avoid these unpopular but necessary steps.

Ultimately, the lack of political will to address the national debt crisis may delay action until a point where the consequences are far more severe.