America’s national debt is ballooning—and any real solutions can only be bipartisan
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America's national debt is exceeding defense spending; interest payments on the national debt surpass defense spending; Democratic platform proposes raising taxes on corporations and high earners; top 10% pay over 75% of income taxes; Republicans suggest cutting discretionary spending but not Medicare, Medicaid, or Social Security; real solutions require bipartisan efforts; need to define the problem and propose real solutions; reforms needed in Social Security, healthcare, and antitrust policies; a value-added tax could ensure fair contributions; a National Commission on Fiscal Responsibility and Reform is necessary; public discussion and engagement on national debt are crucial.

#NationalDebt #Bipartisan #Economy #TaxReform #Healthcare #SocialSecurity #FiscalResponsibility #GovernmentSpending #EconomicGrowth #PolicyReform

https://fortune.com/2024/09/16/america-national-debt-ballooning-real-solutions-bipartisan-economy-finance-politics/