New numbers show the national debt at an all-time high, sitting at more than $22 trillion.
The political debate over what to do with America’s debt appears to be missing in the nation’s capital.
President Donald Trump says he wants to reduce the country’s debt, but only after he spends billions to improve the nation’s military.
“If we don’t have a strong military, you don’t have to worry about debt, you have bigger problems,” said Trump.
Some economists say the federal government has already borrowed far too much money.
Marc Goldwein is with the Committee For A Responsible Federal Budget. He says the debt is a ticking time bomb.
“It’s the trillion dollar issue that everyone running for president is going to have to deal with,” said Goldwein.
A recent Pew Research survey shows fewer Americans view deficit reduction as a top priority. The survey found 48 percent believe reducing the debt is important. That’s down from 72 percent six years ago.
The debt is already having an impact on the 2020 campaign.
Democratic Presidential candidate Amy Klobuchar says concerns over the debt prevents her promising things like free college tuition.
“If I was a magic genie and could give that to everyone and we could afford it…I would,” said Sen. Klobuchar.
Democrats say one way to reduce the debt, overhaul the recently passed tax cuts.