Who’s Afraid of the National Debt?

The United States isn’t fighting a war or a recession. So, why is national debt skyrocketing?

The lingering economic impact of the COVID-19 pandemic combined with increased congressional spending have pushed the national debt to levels not seen since World War II. Efforts to solve the crisis have only resulted in pointed fingers, and neither Republican candidate Donald Trump nor Democratic nominee Kamala Harris have offered a clear solution on the campaign trail. Economists worry that the growing debt could limit other spending priorities and, at worst, restrict Washington’s ability to borrow should another crisis occur.

This episode was originally released by Why It Matters on October 2, 2024.

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Host

Gabrielle Sierra
Podcast Host and Director of Podcasting

Episode Guests

Maya MacGuineas
President of the Committee for a Responsible Federal Budget

Roger W. Ferguson Jr.
Steven A. Tananbaum Distinguished Fellow for International Economics, CFR

Related Episodes

The Dollar Privilege - https://www.cfr.org/podcasts/dollar-p...

What in the World Is a Global Minimum Tax - https://www.cfr.org/podcasts/what-in-...

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