If only Taylor Swift were dating the national debt instead

The following is from a Las Vegas Review-journal editorial:

On Sunday, the world’s attention turned to Las Vegas, as the region hosted its first Super Bowl. Despite some national naysayers, it was an unbridled success. Once again, Las Vegas showed it is the entertainment capital of the world.

But entertainment doesn’t last forever. Along with fun, there are responsibilities and hard decisions. One of the marks of adulthood is balancing those competing interests. The American public isn’t showing this maturity.

Tens of millions of people know the latest details of Taylor Swift — prominently featured on Sunday’s TV broadcast — and her boyfriend, Chiefs tight end Travis Kelce. But they have little interest discussing something much more important to all Americans — the national debt.

Last week, the Congressional Budget Office released its forecast of America’s fiscal future. The situation is bleak. This fiscal year, the deficit is projected to hit $1.6 trillion. For context, the total U.S. budget didn’t even reach that number until the late 1990s. The annual deficit is projected to continue increasing and reach $2.6 trillion by 2034.

Debt held by the public will soon hit 100% of gross domestic product. At this pace, it will reach 116% of GDP in 2034, “the highest level ever recorded.”

Even the massive financial strains of World War II didn’t put the country on such poor fiscal footing.

The deficit isn’t growing because taxes are too low. No, America is bleeding red ink because its political class is addicted to spending other people’s money. “After 2028, growth in spending on programs for elderly people and rising net interest costs drive up outlays, which reach 24.1% of GDP by 2034,” the report notes.

That gap, which is more than 6% of GDP, is a major problem. It should be at the top of the public’s mind, pressuring our elected leaders to propose and vigorously debate various solutions.

Instead, too many apathetic Americans ignore it, caught up in the latest pop culture phenomenon. Perhaps someone should pay Swift to wear a pin with the national debt clock on it.