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

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

Both presidential candidates, Donald Trump and Kamala Harris, propose tax cuts and spending plans that would further increase the debt. While stabilizing the debt would require approximately $10 trillion in savings over the next decade, neither candidate supports reducing benefits from programs like Social Security and Medicare, which are projected to experience funding shortfalls.

Experts suggest that reforming these programs by potentially reducing benefits for wealthier recipients and raising the eligibility age is crucial for addressing the debt. However, both candidates avoid these politically unpopular solutions, opting instead for policies that exacerbate the issue.

Ultimately, the lack of political will to address the national debt through potentially unpopular but necessary measures may result in a crisis forcing action. This delay could lead to more severe consequences and costlier solutions in the long run.