In 1945, after the end of WWII, the U.S. had $259 billion in National Debt. By 1970, debt had increased modestly to $371 billion, which was about 35% of GDP. Since 1970, our national debt has increased 89X. It is now well above $34 trillion. As a percentage of GNP, it is grown from 31% in 1980 to 124% in 2020. During this period, there have been crises, such as the COVID pandemic, but there has been nothing on the scale of the Great Depression or World War II. 
   

·       Should we be concerned about the level of National Debt? 

·       What can be done to reduce the increase in debt? 

·       Should the U.S. consider raising taxes or reducing expenditures? 

 

Please join us at our monthly BBL for a discussion of what, if anything, should be done about our national debt? 
  

This is a private, alumni-only, off-the-record discussion. The views and opinions expressed in this program are those of the speakers and participants and do not necessarily reflect the views or positions of The Harvard Business School Club.
   

Participants must register by Noon on April 2nd to receive details on joining the discussion. The Zoom link will be sent out 24 hours before the event.