It makes sense to go into debt to get out of a recession, like the 2008 one. But then during the good times of the economy, we should have been working on paying the debt; instead, we blew it and just took out even more debt.
To the Biden administration’s credit, it did pass the Inflation Reduction Act. Hopefully the next administration will let at least some of the Trump administration’s tax cuts expire and raise revenue in other areas.