President-elect Trump’s economic agenda—cut taxes and embark on a widespread campaign of deregulation—could risk running up the already skyhigh national debt, according to former CIA Director and Secretary of Defense Leon Panetta.
“That will inspire a pretty strong economy,” Panetta said during an onstage interview at Fortune’s Global Forum. “The big dark side of this is that it is likely borrowing in the U.S. is going to soar. We're looking at, I think, the possibility of maybe adding $7 trillion to the national debt.”
