The Committee for a Responsible Federal Budget (CRFB) analyzed the fiscal plans of Vice President Harris and former President Trump, finding that both candidates would significantly increase U.S. debt over the next decade. Harris’s proposals could add $3.95 trillion to $8.3 trillion, while Trump’s could add $7.75 trillion to $15.55 trillion.
Both candidates focus on voter appeal rather than debt reduction, avoiding necessary reforms to Social Security and Medicare, key debt drivers. Experts warn that such plans are unsustainable, with debt projected to reach up to 143% of GDP by 2035, raising risks of a fiscal crisis.
How much would the Harris and Trump economic plans add to the debt?
Oct 29, 2024
Article from Fox Business by Eric Revell
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