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

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

Both presidential candidates, Kamala Harris and Donald Trump, propose tax cuts and spending plans that would further increase the debt. While they claim to support Social Security and Medicare, their proposals lack concrete solutions for addressing the programs` long-term financial shortfalls.

Addressing the debt problem would require significant cuts to spending or increases in taxes, particularly reforms to Social Security and Medicare. However, these measures are politically unpopular, making it unlikely that either candidate will prioritize them.

The lack of political will to address the national debt increases the likelihood of a future economic crisis, which would ultimately force more drastic and costly solutions.