Election Winners Inherit the Debt

“Congratulations to all the winners of the 2024 elections!

Now comes the hard part.
…
How do you explain to your younger constituents that refusing to make the spending cuts or tax increases needed to put the budget on a sustainable path is worth the resulting mountain of debt this will leave them to cope with?

How will you explain to your older constituents that doing nothing to avoid the pending insolvency of the Social Security Old Age and Survivors Insurance Trust Fund (OASI) in 2033 or the Medicare Hospital Insurance Trust Fund (HI) in 2036 is better than the automatic cuts that will occur in these programs when the trust funds run dry?
…
A problem that large is not going to be solved quickly and it certainly is not going to be solved without some degree of bipartisan cooperation. But it must be solved. Regardless of your preferred policy agenda, nothing can last for long if it is built on a foundation of unsustainable debt.

For the sake of our nation’s future, please keep these considerations in mind as you take office in January.“

- rest of article at Election Winners Inherit the Debt - The Concord Coalition