Is America on a financial collision course?

This week on Hot Seat, Scott Mitchell sits down with Mike Murphy, senior vice president at the Committee for a Responsible Federal Budget (CRFB), to discuss America’s ballooning national debt — now nearly 100% the size of our entire economy.

Murphy warns that interest payments are now the fastest-growing line item in the federal budget, nearing $1 trillion a year — more than the U.S. spends on defense.

The conversation covers:

• The long-term risk of countries like China holding U.S. debt
• Why Social Security may face 20% cuts in the next decade
• The last time America had a balanced budget — and how we lost it
• What citizens can do now to demand accountability from lawmakers

“It’s not that people don’t care,” Murphy says. “It’s that the problem feels abstract — until you see the data.”

📍 Learn more at crfb.org