The Committee for a Responsible Federal Budget's analysis shows that a potential Harris presidency could increase the national debt by $3.5 trillion over 10 years, contrasting her claims of fiscal responsibility against higher taxes on corporations and the wealthy.
The analysis indicates that Trump's economic proposals could add between $7.5 trillion and $15.2 trillion to the national debt, despite his assertions that strong economic growth would alleviate concerns over deficits.
The report underscores that the total federal debt, currently over $28 billion, is expected to grow faster than economic growth under either candidate, raising alarms about the sustainability of federal borrowing.
With neither candidate prioritizing deficit reduction in their campaigns, the analysis highlights a significant risk of escalating national debt amidst rising costs for Social Security and Medicare, further straining federal finances.
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