The United States’ total debt has ballooned to over $34 trillion. Economists Kenneth Rogoff and Carmen Reinhardt consider this level of debt relative to gross domestic product a sign of major economic trouble (see figure 1). But Washington shows little appetite for addressing the problem as policymakers approve budgets with annual deficits of 25 percent or more. Defense spending and other needed investments are severely constrained while interest on the debt now approaches $1 trillion per year. Inflation is supercharged, and chronic overspending challenges productivity and America’s sovereign credit ratings.
Join Hudson Senior Fellow Thomas Duesterberg for a discussion with Dr. Douglas Holtz-Eakin and Dr. William Beach to explore ways to halt the destructive budget cycle.
Figure 1
A panel of experts will discuss how the Japanese government should approach domestic political questions, its partnership with America, and Japan’s role in the world.
Hudson will welcome Senators Mark Kelly (D-AZ) and Todd Young (R-IN) to discuss their proposal to restore America’s shipping and shipbuilding industries to help deter Chinese aggression.
The Hudson Institute Political Studies Policy Certificate Program gathers talented early career professionals for advanced study of American foreign and domestic policy and national security, led by policy experts and experienced government officials.
As the Trump administration indicates a “tough” new approach toward Havana, join Hudson for an expert discussion on how kleptocracy operates in Cuba and its implications for American policy.
