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Beneath the Surface

National Debt a Critical Election Issue for Swing State Voters

Loading ...Andrew Packer

October 23, 2024 • 1 minute, 45 second read


National Debt a Critical Election Issue for Swing State Voters

National Debt a Critical Election Issue for Swing State Voters

Oct 22, 2024

As we enter the final stretch of the 2024 election, Vice President Harris and former President Trump are tied across swing states – and new polling shows that the national debt is a critical issue for voters in these decisive states. More than 9-in-10 voters across seven key states — Arizona, Georgia, Michigan, Nevada, North Carolina, Pennsylvania and Wisconsin — say it’s important for candidates to have a plan for the debt, including 95% of Harris voters, 97% of Trump voters and 95% of undecided voters.

Additionally, 3-in-4 voters in these battleground states say they want candidates to talk more about the debt and their plans to address it – outpacing the percentages of voters who say the same for other hot button election issues including immigration, abortion, climate change and foreign policy.

Thus far neither candidate has put forward a plan to address our $35 trillion national debt. A recent analysis from the Committee for a Responsible Federal Budget estimated that Harris’s campaign plan would increase the debt by $3.5 trillion through 2035, while President Trump’s plan would increase the debt by $7.5 trillion. But there’s still time for candidates to put forward plans, and there are many policy options to choose from.


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Swing state voters care about the national debt.


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Feel free to share this infographic on Twitter.

Tweet: So far, neither Presidential candidate has put forward a plan to address our $35 trillion national debt. https://ctt.ec/KMVOW+ via @pgpfoundation


Tweet: Battleground state voters want a plan for the national debt even if it means spending cuts and/or tax increases. https://ctt.ec/Vj57l+ via @pgpfoundation


Tweet: Three in four swing state voters want to hear more from Presidential candidates about addressing the national debt. That’s more than say the same for other hot button election issues. https://ctt.ec/H6Lez+ via @pgpfoundation


Tweet: Swing state voters want Presidential candidates to address the national debt because they know it affects other key economic issues. https://ctt.ec/QzKoL+ via @pgpfoundation


The Quality Stocks Index Is A Screaming Buy… For The Long Haul

November 11, 2025 • Addison Wiggin

The S&P 500 Quality Index ranks companies not by market cap or a compelling AI story, but rather by fundamentals. Earnings, profit margins, and financial leverage. Reasonable debt.

You know, the kind of stuff that makes your eyes glaze over. And the type of companies we like to hold for the long haul in our model portfolio.

The Quality Stocks Index Is A Screaming Buy… For The Long Haul
Barry Brownstein: Economics of Gratitude: What New Yorkers Forgot About Prosperity

November 10, 2025 • Addison Wiggin

If I were to sum up the mindset of New Yorkers who elected Zohran Mamdani as mayor of New York City, it would be We want something for nothing, and we want the rich to pay for it. Instead, they will get nothing for something, and they will pay for it with a degraded quality of life.

Mamdani’s victory was paved with ingratitude for the blessings New Yorkers receive daily. The mindset demanding “something for nothing” from society is not just a political phenomenon, but a profound lapse in economic understanding and moral character.

Barry Brownstein: Economics of Gratitude: What New Yorkers Forgot About Prosperity
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Stablecoins — those blockchain-backed dollars like USDC and Tether — are expanding faster than any traditional banking product in history.

Each new token represents demand for short-term U.S. assets, deepening global liquidity while quietly helping finance the national deficit.

The catch? It moves power from banks to algorithms. That’s a good thing for you and me.

However, Treasury collateral will ultimately replace bank credit as the foundation of money. The U.S. dollar will gain reach, but further lose control.

Dollar 2.0’s Quiet Coup
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November 10, 2025 • Addison Wiggin

In plain English: there’s a new wave of easy money coming fast. We expect this will boost the already terrifying bull market even higher.

This is a perfect time to “panic now, and avoid the rush,” as we outline in our Plunge Protection Strategy.  Sell ⅓ or half of your positions into the buyer frenzy. Let the rest of your winners ride.

Liquidity Party!