At the end of 2024, the United States’ national debt has ballooned to $36 trillion, and the budget deficit hovers over $2 trillion. With spending only having the prospect of going up, the U.S. financial situation to be even more dire in 10 years, likely climbing another $22 trillion. Is there any way out of this crisis?

Economic economist Joshua Rauh and policy researcher Jack Salmon joined Vero today to discuss.

Joshua Rauh is the Ormond Family Professor of Finance at Stanford’s Graduate School of Business and a senior fellow at the Hoover Institution. He leads the Hoover Institution State and Local Government Initiative.

Jack Salmon is the director of Policy Research at Philanthropy Roundtable. In Jack’s current role, he supports the Policy and Government Affairs team with research, commentary and analysis on issues facing the charitable sector and philanthropic freedom.