The American national debt has just struck a record of all time! President Donald Trump is n ° 1! Too bad for Trump that the record is for the highest amount ever 37 billions of dollars. Heck of a work there, Donnie.
It is honestly somewhat surprising that we have obtained this official number treasure himself, since Trump decided to Cook the books Regarding the figures, he does not like. Does he plan on the secretary of the treasure preserved Scott besse as he did Erika Mcentarfer, head of the work statistics office? Maybe just like with BLS, Trump could find A baby goon From the Heritage Foundation which will make the figures say what it wants?
Bessent does not seem to want to talk about his role in the United States to hit the biggest debt number of all time. Instead, everything he does Does crying On how the Fed must reduce interest rates, which is the only economic plan that the Trump administration seems to have. It is likely to obtain this reduction in rates because, with a comicly important national debt, we now have high inflation. Congratulations for having crushed the economy in order to force the drop in rates you want, apparently? Since Trump is an absolute toddler on money and seem to think Whether it is the Fed’s work to help repay the national debt by reducing interest rates, it seems that it is really their only plan.
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In all honesty, the administration has two other plans to reduce this massive debt. Remember Trump card? Yes, the one where the rich potential immigrants pay $ 5 million each to buy their way in the permanent residence here? In June, Trump boasted that it would collect $ 75 billion, depending on the fact that 15,000 people have completed a form on the website. Two months later, the website is still Just a reserved spaceSo it does not seem that it will fix anything.
You can always sell the government of money to repay the national debt. No, Really. They take credit cards, Venmo and Paypal, which makes it easy to give the government a little money to replace all the taxpayers money that this administration has waste. Maybe JD Vance always has his venmo get into publicAnd could you just friend and slide from Moolah?
Of course, the previous plan to repair everything was that the megalomaniac billionaire Elon Musk and the Nimrod adolescents of the so-called Ministry of Government efficiency would find 2 billions of dollars in savings. Even if Musk had found 2 billions of dollars to reduce during its outburst by the government, it would be less than 10% of the loading of the debt. Of course, by April, that the promised savings had melted About 150 billion dollars. Now that part of the dust has been installed, it seems that Doge has saved us all …$ 1.4 billion. Faced with 37 billions of dollars, it is not even a drop in the bucket. And then there is the problem that DOGE BOUFFONNERS We probably cost about $ 135 billion, so this happy group of Musk Minions weighed everything in a deeper hole.
Related | Musk actually costs Americans of billions while praising false savings
The United States has reached the amazing brand of 37 billions of dollars much faster than expected. A prediction of the Budget Office of the Congress of January 2020 made us hit this doubtful summit by Around 2030. To be scrupulously just towards Trump, a grace that he would never extend to anyone else, this prediction preceded massive spending and necessary at the same time Trump and former president Joe Biden undertook during the Pandemic Covid-19. But Trump is the guy who promising Its economic policies will trigger the beast, with massive growth and massive debt reductions.
In reality, of course, Trump added to debt massively during his first mandate, leaving Biden to reduce it. Trump boasted that he is the Debt kingAnd indeed it is. He directs our country as one of his low -level casinos, thinking that he can just bankruptcyScrew the workers and let everyone holding the bag.
Whenever the Republicans face evidence on the costs of their policies, their answer is simply to say that the CBO is there to obtain them, and the figures are bad, which is precisely what the speaker of the room Mike Johnson said When he prompted the hateful Big Beautiful Bill.
“The CBO sometimes gets correct projections, but they are still distant, each time, when they project economic growth,” said Johnson. “They always underestimate the growth which will be caused by tax cuts and the reduction of regulations.”
This “growth” is a mirage, which was also the case for Trump tax reductions in 2017. There is No evidence That these cuts have strengthened the economy, but at least wealthy people have become richer.
You can expect the same results of the only big nice bill. All of its ostensible savings come from Cut government programs to the bone while increasing the debt by a estimated 5 dollars billions Over the next 10 years. But as with Trump cuts in 2017, the rich can line their pockets to the detriment of all the others.
The GOP is always made of the game as the party of tax responsibility. In reality, these are toddlers spent, and everything they excel is to drive the economy in a ditch.
