Part 6/13:
A key concern is the colossal national debt—$37 trillion—and its explosive growth trajectory. The extension of the Tax Cuts and Jobs Act (TCJA) is projected to cause deficits to balloon, pushing the debt to an estimated $58 trillion within a decade, and potentially reaching $67 trillion by 2035. This level of debt accumulation—over 720% of annual revenue—is unprecedented in U.S. history and raises serious questions about the sustainability of the current fiscal path.