With the 2024 presidential election just two months away, Annandale Capital founder and chairman George Seay joins Catalysts to break down the outlook for US fiscal policy.

"I think we have two very terrible choices, frankly, at the top of the ticket on the Republican side and the Democratic side, from a standpoint of fiscal policy. There is no fiscal restraint. The government is spending too much money. We're running way too high deficits. And I don't see Trump or Harris showing any discipline in terms of reining that in," Seay tells Yahoo Finance.

He notes that the US debt sits over $35 trillion, and deficits are close to $2 trillion per year. He argues that entitlements are "going to bury as at some point," and reiterates that both candidates are bad choices.

He adds, "I think that interest rates are going to go up eventually again, even though the economy is slowing down because our debt is so high. So somebody's got to get in power that actually focuses on that. And the two choices we have this election cycle are not going to do it, either one."

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This post was written by Melanie Riehl