Confronting the National Debt

America’s fiscal future is in peril. At $67,000 for every American, the $22 trillion national debt is larger than what the typical American household earns in a year. At the same time that federal debt is growing rapidly, politicians on both sides of the political aisle are making grand promises for new spending. It’s as if Washington’s elite think that the debt does not matter. A high and rising national debt exposes America to significant dangers and imposes steep costs on families, workers, and businesses. The sooner we act to correct course, the more sensible reform options we have available to avoid severe austerity measures. Join the Heritage Foundation for an enlightening panel discussion on why you should care about the national debt by discovering how debt impacts America’s economy and our financial future. The Blueprint for Balance: A Federal Budget for Fiscal Year 2020 is The Heritage Foundation’s budget proposal to guide Congress in its constitutional exercise of the power of the purse. It presents Heritage’s extensive research that, when implemented, can lead to a freer, more prosperous America with opportunity for all. With this Blueprint we demonstrate to the American people and our elected officials an approach to the federal budget that reins in out-of-control spending and debt, ensures that the government is funding its constitutionally mandated duties, and provides an environment where our prosperity as individuals and as a country grows.