DayFR Euro

why the explosion of public debt remains absent from the campaign

ANALYSE – Representing more than $35.8 trillion, some economists fear a financial crisis but neither Kamala Harris nor Donald Trump seem to care.

Correspondent in Washington

There was much more talk during this presidential and legislative campaign of subsidies for gender reassignment surgical operations for imprisoned undocumented migrants (Kamala Harris is in favor) than of a problem which concerns all Americans much more massively: that of the uncontrolled explosion of public debt.

Even the Federal Reserve, which, under Ben Bernanke, in the years 2006-2014, sometimes still implored – but without effect – Congress to restore a sound budgetary policy, no longer expresses itself on this subject which has become taboo. And, naturally, neither Kamala Harris, leader of a party whose priority is increasing public spending, nor Donald Trump, whose party is obsessed with cutting taxes, spent more than a minute explaining how they could put an end to an alarming drift.

Also read
Julie Girard: “Kamala Harris’s racist and undemocratic patronage towards “black men””

Over the last twelve months, Uncle Sam must have spent an average of 2.4 billion…

This article is reserved for subscribers. You have 83% left to discover.

Do you want to read more?

Unlock all items immediately. No commitment.

Already subscribed? Log in

-

Related News :