Start with the debt that he inherited and add to it the $2.5 trillion that it is now estimated that he will add by the end of 2019 and you find that President Trump is racking up debt at a pace only slightly less than that of Barack Obama.
Tagged: national debt
No nation has ever borrowed so much money. No nation has ever spent so much money. Never in human history has so much money been spent with so little to show for having spent it.
Uncle Fed lives upstairs. He has a magical computer that lets him create money out of thin air.
We keep hitting the debt limit and therefore keep having government “shutdown” dramas because the Congress has stopped functioning as it should as keeper of the purse.
The amount of money expended by the federal government on anti-poverty programs since 1965 is almost exactly equal to the national debt, currently approaching $17 trillion.
On Monday, the 2012 Trustees Report on Medicare was released and the news isn’t as bad as you might think. It’s worse.
Bill and Marge have been hitting the VISA card each month to close the gap between what they earn and what they spend. Their reckoning is coming. The U.S. Government needs to learn from Bill and Marge.
Anyone who so chooses can live for a time as if he or she is wealthy. But for how long? Time is the critical variable.