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

The increasing US national debt poses a significant economic challenge, yet both presidential candidates, Kamala Harris and Donald Trump, prioritize tax cuts and spending programs. Experts warn that without substantial measures to reduce the deficit, the debt could lead to a financial crisis. While stabilizing the debt at its current level is possible, it necessitates difficult choices like reforming Social Security and Medicare, options neither candidate supports. Instead, their proposed policies are projected to further escalate the national debt. Despite public concern over the debt, there is a lack of political will to address the issue, making a crisis the most likely catalyst for action, albeit the costliest and least effective one.