The analysis from the Committee for a Responsible Federal Budget indicates that under a Harris presidency, the national debt could increase by $3.5 trillion over 10 years, despite her campaign's claims of fiscal responsibility and offsetting investments through higher taxes on corporations and the wealthy.
Former President Trump's economic proposals could add between $7.5 trillion and $15.2 trillion to the national debt, even as he boasts that strong economic growth would eliminate concerns over those deficits.
The report underscores that total federal debt surpasses $28 trillion and that servicing this debt has become costlier than essential national expenses such as defense and healthcare for the elderly.
The analysis warns that under both candidates' plans, the national debt would continue to escalate faster than the economy, highlighting a concerning trend of growing deficits that neither candidate has adequately addressed.
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