Trump’s “Economics”

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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/

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The National Debt:

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

Capture

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/

and…

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/

and…

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

… &

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-/

and…

US has largest debt in world history, dollar to lose status as No.1 currency

https://www.rt.com/business/427638-dollar-reserve-currency-jim-rogers/

debtbomb

and…

Foreign Investors Lose Some Hunger for U.S. Debt

https://www.wsj.com/articles/growing-concern-foreign-investors-lose-some-hunger-for-u-s-debt-1525080601

[Hmm… that could be dangerous.  ASND wonders why that is happening.]
[Actually, no, we don’t.]

U.S. Government set to borrow nearly $1 trillion this year [2018], an 84% jump from       just last year.

http://www.chicagotribune.com/news/nationworld/politics/ct-spending-debt-analysis-20180203-story.html

and…

Alarm bells are ringing on the federal debt

http://thehill.com/opinion/campaign/373177-alarm-bells-are-ringing-on-the-federal-debt

and…

It’s the Debt, Donald, the Debt

https://stream.org/debt-donald-debt/

debttsunami

and…

U.S. government borrowing ‘$2 million every minute, every day’

http://www.wnd.com/2018/03/u-s-borrowing-2-million-every-minute-every-day/print/

and…

How Fast US Public Debt Will Grow If We Don’t Change Course

http://dailysignal.com/2017/05/22/the-national-debt-is-nearly-20-trillion-heres-how-fast-it-will-grow-if-we-dont-change-course/

and…

Trump Admin. promises to do nothing about the national debt

http://www.americanthinker.com/blog/2017/03/trump_admin_promises_to_do_nothing_about_the_national_debt.html

… &

Liberal Celebrities Applaud Trump, Brand Karen Pence ‘Ally’ After                                    Arts Funding Increase

https://pjmedia.com/news-and-politics/celebrities-applaud-trump-brand-karen-pence-ally-after-arts-funding-increase/

and…

A GOP House, a GOP Senate, and a GOP President cannot cut a penny in spending

http://www.americanthinker.com/blog/2018/02/a_gop_house_a_gop_senate_and_a_gop_president_cannot_cut_a_penny_in_spending.html

and…

Once again, we are witnessing higher tax revenues chasing much higher spending.

https://twitter.com/RominaBoccia/status/1072523135789031427

and…

Financial crash warning: 10 years on from 2007 crisis experts warn debt bubble            could burst

http://www.express.co.uk/finance/city/838947/Financial-crisis-US-economy-news-2017-similarities-debt-2007

debtplanet

Our National Debt And Government Spending Are A Moral Abomination

http://thefederalist.com/2018/02/12/national-debt-government-spending-moral-abomination/

[See, also…]

https://anotherslownewsday.wordpress.com/about/economics-3/federal-debt/calamity-to-come/

… &

Confirmed: 2018 Spending Bill Includes $30 Million For Paying Off Trump Mistresses

http://babylonbee.com/news/confirmed-2018-spending-bill-includes-30-million-for-paying-off-trump-mistresses/

 

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