Voters Weigh Presidential Options Against National Debt

As the 2024 election approaches, concerns are mounting about how the policies proposed by
former President Donald Trump and Vice President Kamala Harris could significantly impact the
national debt. Both candidates are presenting expansive fiscal agendas that critics argue could
exacerbate the already towering deficit.
Trump, who has vowed to restore his previous tax cuts and increase defense spending, is
expected to propose a budget that prioritizes economic growth through deregulation and lower
taxes. However, experts warn that such policies could lead to a dramatic increase in the national
debt, which currently stands at over $33 trillion. The Committee for a Responsible Federal
Budget estimates that Trump’s plan could add approximately $5 trillion to the national debt over
the next decade.
On the other hand, Harris has outlined a progressive agenda focused on healthcare, education,
and climate change initiatives. Her proposals include expanded social programs and significant
investments in infrastructure. While these measures aim to bolster the economy and improve the
quality of life for Americans, critics argue that they could lead to unsustainable spending, further
inflating the national debt. The Urban Institute projects that Harris’s plans could contribute an
additional $4 trillion to the national debt, raising concerns about fiscal responsibility.
As voters weigh their options, the candidates’ differing approaches to economic policy
underscore the challenges ahead in managing the nation’s finances. With both sides advocating
for substantial expenditures, experts urge voters to consider the long-term implications for the
nation’s fiscal health.
https://www.cnn.com/2024/10/07/politics/debt-harris-trump-proposals/index.html