Why Half of America Votes for Trump

Global public debt is at an all-time high. How can we keep it under control? Public debt around the world has reached unprecedented levels. Managing it requires the skill of a tightrope walker. Excessive debt can become explosive, pushing a country to the brink of collapse, as history has shown us. On the other hand, rigidly adhering to balanced budgets, as Germany did for too long, or abruptly increasing taxes and cutting expenditures to reduce debt can drive a country into recession. A better approach is to aim for a gradual reduction of debt while considering that in the coming years, more resources will need to be allocated to environmental protection and healthcare, and many countries will increase defense spending. What we absolutely must avoid is borrowing blindly, without a clear plan for spending the funds, as happened with the National Recovery and Resilience Plan (Pnrr).

Without decent wages and effective support, a job is no longer enough to escape poverty – and policies to tackle it remain weak More and more Italians are struggling to make ends meet despite having a job, especially young people, women, and immigrants. This reality helps explain much of today’s youth distress. While unemployment at least offers the hope of escaping poverty by finding work, realizing that even a paycheck cannot cover basic needs creates deep frustration. By insisting that work alone is the way out of poverty, the government is ignoring a social emergency that risks becoming a matter of public order.