By Marc Sabatier Hvidkjær, political science student at the University of Copenhagen, Denmark
Politicians often bicker over what to spend money on—e.g., tax cuts or entitlements—but they rarely raise the discussion on where to save money. The consequence of neglecting fiscal realities is evident. Interest rate payments are currently the fastest-growing public expenditure of the United States. National debt is at a record high, in part due to COVID-related stimulus packages, but contrary to other periods of debt spikes, national debt is currently on track to grow indefinitely.
