In a campaign season that has been largely devoid of substantive policy discussion, one program got candidates for the White House and Congress to answer questions about fiscal issues and talk specifically about the national debt and the federal budget.
The presidential debates are now over and we are in the homestretch of this wild campaign. Unfortunately, the debates offered more drama than details. But there were some important takeaways for fiscal policy. Here are a few things we learned from watching all the debates.
This presidential campaign has sure seen a lot of spectacle and little substance. But one bright spot was that the final debate did include a segment on the national debt and a follow up question on Social Security and Medicare.
The first two presidential debates offered a lot of drama but little substance. So the final debate tonight is the last chance for voters to hear the presidential candidates debate the issues that will shape our economic future, among them slow economic growth, the increasing cost of entitlement programs, and our national debt, which is at a level not seen since the end of World War II and growing faster than the economy.
This campaign has been lacking a real discussion of the national debt and what should be done about it. Before we get carried away by the types of campaign promises that got us into the hole we’re in, let’s take a look at the current situation and what it means.