The national debt passes $32 trillion, with nary an answer in sight
The Treasury Department announced last week that the national debt had passed $32 trillion for the first time. Yet even as the biggest domestic threat to the nation’s future increases, our political class offers no answers beyond a periodic scuffle, as with the one recently concluded in Washington, over raising the debt ceiling. Don’t look for answers from a president and a leading contender for that office who compete in their pledges to make things worse.
Originally published: June 21, 2023
Author: Mitch Daniels
Position: President Emeritus
Institution: Purdue University
Published by: The Washington Post