As the United States faces an unprecedented moment in history, the national debt has soared to nearly 100% of GDP, up from just 40% a mere 25 years ago. This alarming trend has raised concerns about the country’s financial stability and the ability of future leaders to address this looming crisis.
According to financial expert Tudor, the next elected official will inherit a dire situation that demands urgent attention. While both Harris and Trump have promised voters additional spending and tax cuts, these proposals could further exacerbate the growing debt burden.
It is crucial for policymakers to prioritize fiscal responsibility and implement sustainable economic policies to prevent the national debt from spiraling out of control. Failure to address this issue could have far-reaching consequences for future generations and the overall well-being of the country.
