Oil and gasoline are spiking because of Trump’s erratic Middle East policies, interest rates are rising because Trump is adding $1 trillion dollars a YEAR to the national debt, any minor tax benefits to middle America is exceeded by rising prices, the top 20 vehicles sold in the last two years don’t include a single automobile, much less a fuel efficient one, they’re all trucks and SUVs, and 1/3 of them are on sub-prime loans or leases which means the consumer is losing money—fast. And that’s just the tip of the iceberg. Americans never learn. Bush and Trump ruin the economy, Obama and Clinton try to save it, the GOP fools Americans into thinking they’re “winning”.
The Congressional Budget Office warned earlier this month that the U.S. will start running $1 trillion annual deficits, [spending greater than tax revenue] starting this year, and that the national debt will be as large as the entire U.S. economy in less than a decade. A new report from the Tax Policy Center says that that as grim as those projections from the CBO may be, they may understate the case.
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