S3E6: America’s Rising Debt: Demographics, Risk, and the Future of Fiscal Sustainability
Description
What does America’s increasing deficit mean for the economy? We explore the One Big, Beautiful Bill, demographics, and the risks to U.S. fiscal sustainability.
America’s rising debt is one of the biggest challenges for U.S. economic policy. At the end of 2024, debt held by the public stood at 97% of GDP and is projected to reach 117% by 2034. The new One Big, Beautiful Bill adds even more pressure on the nation’s long-term fiscal sustainability.
In this episode of Heller-Hurwicz Office Hours, Professor Hannes Malmberg of the University of Minnesota discusses how the One Big, Beautiful Bill impacts debt growth, what an aging population and rising inequality mean for the economy, and whether current fiscal policies set America up for resilience—or risk.
Listeners will gain insights into:
U.S. national debt trends and projections
The economic impact of the One Big, Beautiful Bill
The future of American fiscal sustainability and policy
United States
