2025 Fiscal Policy Challenges for the US

The chapter delves into the imminent fiscal policy challenges facing the US in 2025, including the return of the debt ceiling, the expiration of the Trump tax cuts, and the end of spending caps. It emphasizes the risks of adding trillions of dollars to the US debt without detailed plans from presidential candidates, debunking fiscal myths and discussing the potential consequences of high debt levels on national security and economic growth.

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