During the highly anticipated debate in Philadelphia between Vice President Harris and former President Trump, key economic issues like tariffs, inflation, and student loans were addressed. However, the rapidly growing national debt — now exceeding $35 trillion — was notably left out of the discussion.
Forecasters estimate that Trump’s economic plan could increase U.S. deficits by $3.6 trillion to $6.6 trillion over the next 10 years. In contrast, forecasts for Harris’s policies range from reducing deficits by $400 billion to increasing them by up to $1.4 trillion over the same period.
Watch the video above as Straight Arrow News contributor Adrienne Lawrence argues that Trump’s proposed tax cuts would be disastrous, adding trillions to the national debt and harming middle-class Americans.
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The following is an excerpt from the above video:
With the Harris vs. Trump showdown in full effect, we’ve got an actual presidential race underway. Now that being the case, we also have a glimpse into who has great plans for our next four years, and given what’s been put out by the candidate so far, one thing I can tell you is that Donald Trump’s plan for our national debt is just like his business dealings — an utter disaster.
Forty-five’s proposed tax cuts would add $4 trillion in debt over the next four decades, costing us far more in debt than it would boost in terms of revenue. All the while, Kamala Harris proposes a budget strategy that would reduce the deficit by trillions of dollars, largely by taxing the rich. Now, if you are fiscal-minded, well, or you’re maybe just somebody who cares about our national debt, you should probably vote blue, particularly given how the looming societal shift is about to erupt when it comes to economics in our country.
So let’s talk numbers. The federal debt, it’s hovering around $35 trillion, and Trump, well, him and Biden added about the same amount in terms of debt, but neither of those men were entering the administration that was at a tipping point. The next president will be dealing with a surge in deficits brought on in part because of baby boomers. They’re going to be retiring, and they’re going to be sucking Social Security and Medicare dry.