Throughout the last half of 2019 and into 2020, America will watch democratic presidential candidates bully off against one another , also as against President Trump, offering their personal takes on the foremost pressing economic issues our country faces.
Personally, we’re looking forward to hearing the candidates defend their economic policies and platforms because that’s right up our alley, and we’re at a very sensitive time during this country’s economic process cycle. We’re sure to hear debate around everything from ending tech monopolies, the ever-growing deficit, and therefore the Green New Deal, to modern monetary theory, Medicare-for-all, and student loan forgiveness.
Here are a number of the topics you’ll expect to listen to .
Student loan debt is one among the foremost critical issues facing U.S. voters and their kids. Around 45 million people are carrying a complete of $1.49 trillion in student loan debt. Student borrowers are graduating college with a whopping $37,000 in debt, on the average , which presents a serious obstacle to starting their post-graduate life on sound financial footing. Senators Warren and Sanders have both presented ambitious plans for reducing or wiping out student loan debt entirely, as have several other candidates. we will expect to listen to tons more on this subject through the campaign.
Total American student debt
This is already one among the foremost hotly debated topics in American politics and round the world. Since the U.S. pulled out of the Paris Climate Accord, Democratic candidates are releasing their own climate-change policy proposals that are alleged to slow global climate change while adding jobs. the foremost documented of these is that the Green New Deal, which we’re sure to hear about through the campaign.
The U.S.-China trade war has dominated headlines since President Trump took office. In his first two years as president, the Trump Administration has pulled out of several trade deals, introduced a replacement trade affect Canada and Mexico, and levied many billions of dollars in tariffs on Chinese companies. Expect the Democratic candidates for the Oval Office to propose and defend their own trade policies throughout the debates and therefore the campaign.
The healthcare debate is one among the foremost critical for Americans who are unsure of the longer term of the Affordable Care Act or what might replace it. U.S. healthcare spending totaled $3.5 trillion in 2017, or quite $10,000 per person.
The average yearly cost of healthcare per person in 2017
With the U.S. stock exchange near record highs while income inequality continues to widen, expect to listen to tons of scrutiny of the investing and finance industries. Several Democratic candidates are calling for higher taxes on investment gains and a reining-in of CEO pay, which has ballooned in recent years. decide to hear tons more about this subject throughout the debates and therefore the campaign.
There are few issues that get voters’ attention quite taxes. President Trump passed the 2017 Tax Cuts and Jobs Act in his first year in office, which lowered tax rates for companies and middle-class Americans, but his opponents argued that it benefited the wealthiest taxpayers and corporations much more . Democratic candidates will likely pounce on this subject and propose their own plans to chop taxes for lower-earning Americans.
Get ready for Econ 101 everywhere again. the talk over whether capitalism is really better for Americans than socialism (or other sorts of government) is already ablaze, as some 2020 candidates have suggested several highly progressive agendas as their platforms. Issues like our ballooning debt and subsequent deficit will loom large over these debates, so expect tons of questions on the role of the Federal Reserve System and monetary policy.
Technology giants like Facebook, Amazon, and Google are within the hot seat as politicians on each side of the aisle involve their hack and demand they pay higher taxes or stop monetizing user data.