The national debt has exploded in recent years. We have gotten away with it so far because interest rates for financing the debt have been abnormally low. But interest rates have to go up now to slow inflation, and as bonds are rolled over, they will be reissued at much higher rates.
No matter who is sworn in Jan 2025, within a year, debt service will consume all of our revenues.
There is no way out I can see. Printing money will only increase inflation and all the entitlements linked to the rate of inflation.
So, let the Democrats win and let the collapse of the United States government and national bankruptcy fall on their watch.
I suspect they know this and that’s why they are throwing the 2024 election with an unelectable candidate.