Federal deficit to top $1 trillion under Trump
The national debt topped $22 trillion just two years into Trump’s tenure.
This is the real source of Trump's economic growth, debt! That and the realization that Trump and Republicans are going to continue to pump debt into the economy. It is a crapshoot as the debt builds and has to be paid back by us and our children in the future. A crisis can cause the mountain of debt to tumble down. It was supposed in the beginning to pay for itself, be returned in higher tax revenues. That is a bust, we are collecting less in taxes on higher incomes, down 25% because of the tax cut.
Trump just wants it to last until November and his reelection. Any crisis, domestic or international, can start the slide. Trump, of course, will then blame Democrats, actually anyone, but him for a dead-end economic plan. It isn't working out as he promised and hasn't fessed up to how he'll fix it. He's a fraud, deluded and has Republicans, once staunchly fiscally responsible, abandoning their principles.