Your Government is Hiding the Truth: America is Heading Towards a ‘Greater Depression’

Op-ed by TheWiseOldFart

First, facts you may never see or hear on the mainstream media.

The national debt is now more than 40 trillion dollars. Four trillion dollars were added during Trump’s first administration between 2017 and 2021.

When he took office in 2025, the deficit was 36.2 trillion dollars. During his year and eight months, his failed economic policies added 3.8 trillion dollars to this growing debt.

How did this happen? It’s all there for you to read, if you care.

LOWERING TAXES FOR THE SUPER RICH: FAILURE TO PASS UNIVERSAL HEALTHCARE, WASTEFUL SPENDING, CORRUPTION WITHIN THE PENTAGON

Trump and his corrupt party continue to give tax cuts to the super rich and large corporations. Because thousands of deductions are available in the tax code, no wealthy American pays the maximum of 37 percent: the lowest rate of any developed nation in the world. The corporate tax rate is a flat 21 percent, before deductions.

In 2018, after Trump’s first round of tax cuts, Amazon and Walmart paid zero dollars after using the many deductions available to them.

It is no secret that healthcare in the United States is the costliest and least effective in the world. Ours is the only nation in the world that chooses not to offer free healthcare to every citizen.

Studies prove that if America joined the rest of the world and adopted universal healthcare, about 1.04 trillion dollars would be saved each year. However, with the worst and most corrupt government in the world, this will never change in my lifetime.

Trump is the most wasteful president in history. His personal spending exceeds 10 million dollars each month. A ballroom, arch, and a helicopter pad are not necessary. The reflecting pool contract was given to a friend, and if it is ever completed, the original cost of $12 million will have doubled. Trump’s illegal war against Iran has already cost taxpayers more than 75 billion dollars, and he’s not done yet.

Next year’s budget for the Pentagon will exceed $1 trillion. Year after year it is reported that 50 cents out of every dollar it receives is wasted. Meanwhile, our incompetent government continues to make cuts in necessary social programs.

I am not a financial genius, but it is easy to understand why our nation is in serious debt. The real problem is that this cannot continue. If it does, our nation will literally go broke and a depression far greater than in 1929 will end America as I knew it throughout most of my 80 years.

Op-ed by James Turnage

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