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How to truly fix the Federal Debt
Donald Trump and Kamala Harris—whose stints as president and vice president saw a cumulative $12 trillion in deficit-expanding legislation enacted—are competing to see who best can pander to voters with even more expensive spending hikes and tax cuts. Regardless of which one wins the presidency, Panderfest 2024 will likely be followed by annual budget deficits surging toward $4 trillion within a decade. What would it actually take to cut the budget deficit and stabilize the national debt? The solutions aren’t anything a politician would want to tout on the campaign trail, because they are painful for everyone. A comprehensive plan will involve some changes to our existing entitlement programs and higher taxes for most Americans. […]