The analysis by the Committee for a Responsible Federal Budget suggests that a Harris presidency could increase the national debt over 10 years by $3.5 trillion, despite claims of fiscal responsibility.
Former President Trump's economic proposals could add between $7.5 trillion and $15.2 trillion to the national debt, relying on the assumption that strong economic growth would mitigate concerns about deficits.
The report emphasizes that overall federal debt is expected to rise as revenues fall short of the escalating costs of vital programs like Social Security and Medicare, underscoring the pressing need for fiscal discipline.
The analysis bluntly warns that under either candidate's plans, debt is projected to grow faster than the economy, with no significant emphasis from either on reducing the budget deficit.
Collection
[
|
...
]