In January, Donald Trump will be faced with some very difficult decisions regarding our debt as soon as he is inaugurated…

It’s going to be an urgent issue for Trump as soon as he takes office. The federal government will resume the cap on its borrowing authority on Jan. 1, as the U.S. sits on a national debt of more than $36 trillion, though the Treasury Department can buy time for a number of months with so-called extraordinary measures. The fiscal time bomb illustrates the struggle Trump and Republican leaders face heading into 2025, as they consider whether to court Democrats who will want concessions or their own conservatives who are known for rigidly sticking to their demands to cut funding. If Trump decides that it is time to cut spending, that will make our short-term economic problems even worse.

But if he decides to keep spending money at current levels that would be suicidal.