The Missing Topic in Federal Election Campaigns: The National Debt
As federal election campaigns focus on key issues like abortion and immigration, the national debt remains a crucial topic that is often overlooked. With the US facing a staggering $34.6 trillion in public debt, concerns about long-term financial stability are mounting. Economists warn of the impact on Americans’ financial well-being and economic growth. To address the debt problem, politicians must engage in honest discussions with the public and tackle challenging issues like entitlement reform.
Janet Yellen Addresses Concerns About U.S. National Debt
Treasury Secretary Janet Yellen addresses concerns about the U.S. national debt, emphasizing the need to stabilize the debt-to-GDP ratio. Despite a debt of $34.7 trillion, Yellen expresses confidence in President Biden’s plans for deficit reduction. With escalating debt costs and deficits, Yellen highlights the importance of managing interest burdens and ensuring financial stability amidst rising financing costs.