Is the level of national debt a concern? What, if anything, should be done to reduce it or constrain its increase?
Galbraith: The level of national debt is a concern in that it is not being invested in the people as it should. While not all debt is bad — it depends how you spend the money borrowed — seeing increases in the deficit combined with the drastic cuts to social programs to offset these increases is a recipe for disaster for average Americans…and our children! Families come in all shapes, colors, and sizes and every American, regardless of race, gender, disability, ethnicity, religion, sexual orientation, etc. deserves the tools and resources they need to live and retire in comfort, support their families, and give back to their communities. To do this, we don’t need more spending or increased taxes on working Americans, we need smarter spending. We can constrain the long-term increase in national debt by making wiser use of our tax dollars. That could mean making our federal government and its programs operate more efficiently and cutting waste. This would free up resources which we can put towards investing in our future — improved physical and digital infrastructure, high-quality public education, improved early education, childcare and caregiver assistance programs, job training and job creation programs, or improved public health — and improving the quality of life of our citizens while getting a large return on investment for every dollar spent.