- Feb 22, 2017
- 113,824
- 40,398
- 2,290
The personal debt bubble is growing and devouring Trump's fantasy land as the whole US economy is fueled by debt.
The borrowing public has decided that what is good for the goose is good for the Trumpist.
The growing resort to personal loans may also reflect the fact that living costs are rising faster than wages.
The budget is in deficit by $ 1trillion annually and growing, the Federal debt has grown by ~$ 2.3 trillion since Trump's inauguration.
The economy is fueled by debt which is buying imported foreign goods as the trade deficit is still rising despite being offset by growing oil and gas exports. US manufacturing and investment is down.
Donald Trump's fantasy land economy is a humungous debt bubble waiting for a prick. Is Donald Trump the prick?
The fastest-growing debt category in U.S. is not student loans or credit cards
The democrat House writes the Budget, so WTF is Nancy and the democrats doing about the budget deficit? <nothing but making it bigger>
Trump cut taxes for the wealthy which has had a big effect on tax revenue.
Why?
Because people paid less in taxes, thus tax revenue went down.
This is not real complicated.
Didn't tax revenues for 2018 go up?
No, for CY18 they actually went down.