Every American now owes $54,245 for their share of the U.S. national debt. With the national debt now reaching over $16.4 trillion, organizations like the Bipartisan Policy Center, Committee for a Responsible Federal Budget, Concord Coalition, The Can Kicks Back, Fix the Debt, and Concord 51 are all in search of solutions to ensure a healthy fiscal future.
In an effort to promote a meaningful discussion on reducing the national debt, we invited these organizations to participate in an hour long Twitter chat to share with our community their solutions to the debt crisis.
Also joining us was Reuters’ Senior D.C. Economics reporter Pedro da Costa, economic scholar and author, Murray Holland; author of “The Public Debt Problem, A Comprehensive Guide,” Pierre Lemieux; president of the Reform Project, Carlos Sierra; Reuters contributor Cate Long, and former U.S. Comptroller General and Founder/CEO of the Comeback America Initiative, Dave M. Walker.
Before hashing out the details on tax reform, spending cuts, and bipartisan compromise, we asked our participants why the national debt is such a pressing issue in America today. Struggling to keep the responses into the 140 character messages uniq