Who Will Lend More Than $100 Trillion to the U.S. Federal Government Over the Next Three Decades

Conservatives are concerned about Congress granting excessive power to executive and regulatory bodies. The U.S. faces a potential fiscal crisis, with projections suggesting the need to borrow over $100 trillion in the next three decades, four times its historical borrowing. This impending crisis is largely driven by underfunded entitlement programs like Medicare and Social Security. As the population ages, these programs grow in importance, with political pressures resisting reforms. If unchecked, this trajectory threatens economic stagnation and a potential catastrophic fiscal crisis, eclipsing past financial downturns. Recent downgrades of U.S. Treasury bonds by major credit agencies highlight this challenge. A fiscal commission might break the current policy deadlock, but past attempts by Congress have repeatedly failed.