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Showing posts with the label Deficit

A Trump Recession is Coming Fast

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Op-ed by TheWiseOldFart When exit polls were taken on November 5, 2024, obviously uninformed voters claimed their votes for Trump were based on his “ability to improve the economic status for everyone.” I found this hilarious. When Trump was evicted from the White House on January 20, 2021, America’s economy was nearing a depression, thousands of jobs had been lost after Trump failed to act early when he first learned about Covid-19, and his failed fiscal policy added eight trillion dollars to the national debt. Economists predict that by 2028, Trump’s current actions will add another 10 trillion dollars to the deficit. Today’s economic report is a warning. The American people will be facing another recession, and soon. The report covers three major categories. Consumer confidence and spending are down. The jobs report is dismal. Inflation is stagnant or in some categories, on the rise. The biggest lie Trump tells is not about the 2020 election, it’s about his business interests. Trump...

Bush 43, Trump, and the Overwhelming National Debt

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Op-ed by TheWiseOldFart Proving once more that Trump is a pathological liar, he created another unnecessary government agency and called it the “Department of Government Efficiency, DOGE.” He claimed that it was his plan to reduce the national debt by more than two trillion dollars. He lied. It was an effort to take vengeance on men and women who are not loyal to his fascist plans for America’s future. The truth is undeniable. America’s 40 th , 41 st , 43 rd , and 45 th presidents, all Republicans, are the reason the deficit has grown to more than 36 trillion dollars. This is what it looks like: $36,000,000,000,000. The largest villains are George W. Bush and Donald John Trump. This is one of the reasons I consider them the worst presidents in history. Bush failed to protect our nation and 9/11 happened. His failed fiscal policy, and engaging our nation in two unwinnable wars with lies and deception caused the Great Reception. In just four years, between 2017 and 2021, Trump increased...