Trump's Debt Bomb
Dear Friend of America's Survival,
I warned you about this is in my column about the Trump-Pelosi budget deal, "Trump joins the socialist revolution." But Rush Limbaugh defended the deal.
The CBO "estimates that the federal budget deficit for 2019 will be $960 billion. Under current law, budget deficits are projected to average $1.2 trillion a year between 2020 and 2029, boosting debt held by the public to 95 percent of GDP in that year--its highest level since just after World War II."
The debt can only slow economic growth. No wonder there are predictions of a recession.
By taking us further into debt, Trump is adopting the socialist argument that we can actually afford Medicare for All, the Green New Deal, and reparations for blacks. On top of that, buy Greenland from Denmark!
For America's Survival,
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