Trumponomics

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“Every single budget bill that Trump signed in the Oval Office was a Democratic bill… This was an alliance between Trump’s liberal cabinet members, Democrat leadership, and RINOs against conservatives every single time. This swamp was refilled rather than drained.”

https://www.theblaze.com/op-ed/horowitz-every-single-budget-bill-of-trumps-presidency-passed-with-more-dem-than-republican-support

and…

2018: Donald J. Bush put pen to rotten paper

https://www.americanthinker.com/blog/2018/03/donald_j_bush_puts_pen_to_rotten_paper.html

[Then he “promised“ he would never do it again. Until the very next year…]

President Trump’s FY 2020 budget proposes we spend vastly more money for 15 years than we take in, and lead us to spending more in interest payments than we do on Social Security or defense.

http://thefederalist.com/2019/03/11/presidents-spending-cap-busting-budget-embarrassment-nation/

and…

The U.S. national debt now exceeds the size of America’s total gross domestic product

https://dailycaller.com/2020/08/21/us-national-debt-exceeds-gdp/

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Who Will Fund $24 Trillion in New Government Debt?
The federal government’s expensive response to the coronavirus pandemic makes an already-bleak long-term fiscal outlook even bleaker.

https://www.nationalreview.com/2020/07/federal-coronavirus-relief-spending-worsens-debt-crisis/

DebtHole

and…

Trump set to preside over record spending, deficits as coronavirus costs explode

https://www.foxnews.com/politics/trump-set-to-preside-spending-deficits-coronavirus

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Trump Calls For $2T Infrastructure Package In Phase 4 Coronavirus Stimulus

https://www.shtfplan.com/headline-news/trump-calls-for-2t-infrastructure-package-in-phase-4-stimulus_04012020

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National Debt Breaks All-Time Record for Highest Portion of U.S. Economy

https://www.justfacts.com/news_national_debt_breaks_record_highest_portion_economy

DebtFire

[BTW, with all of Donald Trump’s frequent (and accurate ) criticism of China, his refusal (until the very end of his presidency) to even try to reign in out-of-control federal spending (which has created the out-of-control federal debt Calamity To Come ) has actually promoted the very globally hegemonistic goals and efforts of China which Trump has criticized.]

Majority of voters believe U.S. debt will pave the way for China to become global financial leader

https://tennesseestar.com/2020/12/26/majority-of-voters-believe-u-s-debt-will-pave-the-way-for-china-to-become-global-financial-leader/

[Speaking of the global financial consequences of out-of-control U.S. federal debt…]

Fitch Revises United States Credit Outlook To “Negative”

https://www.zerohedge.com/markets/ficth-revises-united-states-credit-outlook-negative

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The National Debt:

At the end of 2009, the total federal debt was $12.3 trillion—a staggering amount of money. Now, it stands at an astonishing $23.1 trillion.
That’s roughly $180,500 of debt for every U.S. household.

https://twitter.com/Heritage/status/1224428600872636418

[That report was published before the CoViD-19 debacle . Mid-way through that madness, the national debt had climbed to $24 trillion . ]

and…

“Consumers will largely bear the brunt of the country’s financial ruin… While the United States’ official debt is $2[3] trillion [the article was published in 2018], the fiscal gap is really 10 times larger — $2[30] trillion. That comes from adding in off-the-book liabilities, including debt that’s in the Federal Reserve’s hands… It’s not like the rest of the fiscal operation can bail out Social Security… So when you look at these numbers, you realize we’re Argentina in 1910… In one century, Argentina went from super rich to super poor… ”
—Laurence Kotlikoff, Ph.D. (Economics, Harvard, U.)

https://www.cnbc.com/2018/09/08/boston-university-economics-professor-laurence-kotlikoff-wants-to-change-your-retirement.html

and…

Debt Dwarfs China as Top National Security Threat

https://www.americanthinker.com/articles/2019/08/debt_dwarfs_china_as_top_national_security_threat.html

DebtClock

and…

Every child born in the U.S. in 2018 already owed well over $48,000 worth of federal debt.
Unless radical cuts in federal spending are imposed by congress, when every one of those children reaches the age of 30 they will owe over $141,000 worth of the same federal debt.

https://www.federalbudgetinpictures.com/public-debt-for-every-american/

FederalDebt

and…

December 2018: Federal Debt Up $1.37 *Trillion* Since December 2017
That was a $10,743 *increase* per household and $4,178.10 per person
In just one year
The total federal debt per U.S. household is now over $171,364.
The total federal debt per U.S. citizen is now over $66,641.

https://www.cnsnews.com/news/article/terence-p-jeffrey/merry-christmas-federal-debt-137-trillion-last-dec-25-10743-household

Public Debt for Every American

https://www.federalbudgetinpictures.com/public-debt-for-every-american/

and…

U.S. Budget vs. Family Budgets
If a median-income American family spent money like the U.S. government, it would have spent all of its earnings, and then put $10,000 on the credit card in 2017 even though it was already $328,000 in debt.

https://www.federalbudgetinpictures.com/us-budget-vs-family-budget/

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If We Don’t Cut Debt And Spending, The U.S. Is Poised For Another Financial Crisis

http://thefederalist.com/2018/12/03/the-u-s-is-poised-for-another-huge-financial-crisis-if-we-dont-cut-debt-and-spending/

UnderFinancialWater

and…

The High Cost of Refusing to Confront the Exploding National Debt
The Congressional Budget Office has been ringing the alarm bells loudly and clearly for several years.

https://www.dailysignal.com/2018/12/06/the-high-cost-of-refusing-to-confront-the-exploding-national-debt/amp/

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CBO Director: Debt to Soar Past Postwar Levels at Current Trajectory

https://pjmedia.com/news-and-politics/c

bo-director-debt-to-soar-past-postwar-levels-at-current-trajectory/

and…

U.S. on a Course to Spend More on Debt Than Defense

https://www.wsj.com/articles/u-s-on-a-course-to-spend-more-on-debt-than-defense-1541937600

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Even Barack Obama’s Chairman of the Joint Chiefs of Staff, way back in2011, said:
“I believe the single, biggest threat to our national security is debt.”

https://amp.washingtontimes.com/news/2018/may/8/the-single-biggest-threat-to-national-security-is-/

NationalDebt