Don’t be fooled by calm fiscal seas
The United States is full steam ahead into uncharted fiscal waters, with rapidly growing federal debt promising a choppy economic future. Candidates Joe Biden and Donald Trump have added trillions to the national debt during their recent presidential administrations, leaving America at a critical juncture that demands urgent, bipartisan action. If you read this column, you know the numbers are stark: U.S. government debt is projected to reach a staggering 122% of GDP by 2034, far surpassing levels seen even during World War II. Not only is that a sharp rise from the current 99%, but ...