America’s most unaddressed gigantic problem is the $35 trillion national debt. It’s rapidly growing to unsustainable levels and Americans are eventually going to face some unhappy choices.
Neither of this year’s presidential candidates — incumbent Democrat Joe Biden and Republican challenger Donald Trump — is leveling with voters about the sacrifices that loom. Biden wants to raise taxes on businesses and the wealthy without touching benefits in the budget-busting retiree programs, Social Security and Medicare. Trump pretends that some new tariffs on imports and more supply-side tax cuts will magically solve the problem.
Virtually no politician tells the truth about how to fix the debt because the real answer is that there’s something for everybody to hate. Tax hikes, spending cuts, and benefit reductions are all inevitable, and that message upsets so many voters that telling the truth and getting elected mutually exclude…
