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Showing posts with the label 40 Trillion Dollars

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

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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...

Remember DOGE? Go Ahead and Laugh; I’m Laughing With You

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Op-ed by TheWiseOldFart A few days after his minimalist inauguration, Trump announced the creation of DOGE, the Department of Government Efficiency. In charge of DOGE was Elon Musk. Musk is a billionaire without a single qualification to be included in anyone’s presidential administration. However, he donated hundreds of millions of dollars to Trump’s 2024 presidential campaign. Trump announced the purpose of his new agency with a lie. No surprise there. The orange buffoon claimed this new agency would eliminate 2 trillion dollars in government waste, and therefore reduce the national debt by an identical amount. As expected it failed. Its only “accomplishment” was the firing of thousands of qualified and necessary employees who actually worked within our federal government. ANOTHER FAILURE BY AMERICA’S BIGGEST LOSER After DOGE was dismantled, with all the firings and falsely claimed changes in our nation’s fiscal policies, about two billion dollars in spending was achieved. Between 20...