America’s national debt is heading to 175% of GDP. Here’s why no president—including Trump—has the will to stop it



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Steve Hanke is a professor of applied economics at Johns Hopkins University and a board member of the Federal Fiscal Sustainability Foundation. He is the co-editor, with Barry W. Poulson and John Merrifield, of Public Debt Sustainability: International Perspectives. David M. Walker is the former U.S. Comptroller General and FFSF chairman.

 

https://fortune.com/img-assets/wp-content/uploads/2026/04/GettyImages-2271123885-e1776799860640.jpg?resize=1200,600
https://fortune.com/2026/04/22/federal-fiscal-folly-trump-budget-debt-cbo-hanke-walker/


Steve H. Hanke, David M. Walker

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