Comprehensive 30-Year Plan Proposed to Stabilize U.S. National Debt

Brian Riedl of the Manhattan Institute outlines a balanced approach of spending cuts and tax increases to prevent a future debt crisis.

The plan aims to keep the debt-to-GDP ratio near 100%, avoiding a projected rise to 236% over 30 years.
Proposed measures include raising the Social Security retirement age to 69 by 2037 and reducing benefits for higher-income households.
Medicare and Medicaid would face cuts through efficiency reforms and spending caps, targeting higher-income households.
Tax changes include raising the top income tax rate to 39.6% and repealing the 20% pass-through business deduction.
The proposal is designed as a bipartisan blueprint for future negotiations, though it is unlikely to be adopted in the current political climate.