Fix the Debt announced its 2016 Fiscal Heroes Wednesday at a very well attended reception on Capitol Hill in Washington, DC.
Congress is already thinking about its agenda for next year. Addressing the biggest drivers of the national debt going forward can’t be ignored.
The remaining presidential candidates vary substantially on their policy proposals, but none of them would bring the national debt down.
In a recent blog, Paul Krugman questioned whether the debt is a severe problem, specifically calling out Fix the Debt. To make his point, he cited the current size of interest payments. However, he neglected to note that those payments are expected to rise dramatically.
In order to fix the debt, it’s important to know why it will grow so much in the years to come. Unfortunately, the main culprits are areas that are not being addressed.