As U.S. Debt, Deficits Mount, Presidential Candidates Sweep Them Under the Rug

  • by:
  • Source: Reuters
  • 04/09/2021
The reality is Democrats are reluctant to make a campaign issue out of one of America’s most vexing problems — the ballooning annual budget deficits and overall debt under President Donald Trump.

That’s because some of their most popular policies going into the 2020 election would present significant budget challenges of their own, including expanding Medicare health coverage and offering government help to cut college costs and reduce student debt.

While Democrats insist they have workable plans that will cover the costs of these proposals, Republicans counter that their tax-the-rich solutions are not realistic.

On their side of the political divide, Republicans are equally interested in keeping mum on the subject, having happily backed Trump’s massive tax cuts and a surge in military spending - two key drivers of the deficit blow-out - after championing fiscal conservatism for years.
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