America's Debt Crisis: The Hard Truths Politicians Won't Tell Voters The United States faces a growing $35 trillion national debt crisis that neither major presidential candidate is addressing honestly. Budget expert Brian Riedl, in an analysis for the Manhattan Institute, outlines potential solutions to stabilize federal borrowing and prevent a debt crisis. These solutions involve a combination of tax increases, spending cuts, and benefit reductions, which are politically unpopular but necessary. Riedl suggests that the U.S. doesn’t need to eliminate its entire debt, but rather maintain it at around 100% of GDP. The analysis highlights that higher taxes on the wealthy will be inevitable, given the concentration of wealth among the top 1% of earners. However, politicians avoid discussing these tough choices due to their potential negative impact on voter support. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Was I Wrong About $20,000 Gold & Who Wins? READ MORE Government Debt Hits $34 Trillion: Fiscal Policies Under Scrutiny READ MORE U.S. Job Openings Hit Lowest Point Since 2021 READ MORE Middle East Tensions Propel Gold and Silver Prices READ MORE New Report Outlines Potential Paths to Sustainable US Debt READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment