If you like federal budget deficits, you’re going to love President Donald J. Trump. The Republican front-runner’s tax-cut plan would mean that, by the end of his first term in office, the national debt would be about $22 trillion, compared with $14 trillion today. That’s an increase of 57% in four years.That figure isn’t based on speculation, but on the official budget projections from the Congressional Budget Office (CBO) and a straightforward mathematical analysis of Trump’s tax cuts by the Tax Policy Center, a non-partisan Washington, D.C., think tank. https://www.marketwatch.com/story/president-trump-would-send-the-national-debt-soaring-2016-03-07
Trump promised to eliminate the national debt in 8 years. If you believed that promise, you will believe any damn thing. Fact: Under Trump, the national debt has reached an all-time high. And with next year’s recession already “baked in the cake” (largely a function of Trump’s tax favoritism for fellow one per-centers), it doesn’t take x-ray vision to foresee an economic conflagration that will make The Great Depression look like a curbside leaf fire.
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