Navigating National Debt: Challenges and Implications

This chapter explores the implications of the national debt, focusing on its growth and historical context, along with discussions on constructive versus detrimental borrowing. It highlights how the debt impacts the economy, interest payments, and the role of major countries and hedge funds in holding U.S. debt. Additionally, the chapter calls for a national dialogue on reforming entitlement programs and implementing balanced fiscal policies to address the challenges posed by national debt.