Denizen
Gold Member
- Oct 23, 2018
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The Trump recession is here. It was hiding in plain sight before as burgeoning debt which is now going nuclear.
Trump's answer to the recession is to go nuclear on debt and slash payroll tax.
If Donald Trump slashes taxes further the debt growth will go to > 10 x GDP growth as the GDP slows to zero or goes negative.
Taxes will dive from loss of payroll taxes and from the decline in economic activity. The budget deficit could double to $2 Trillion.
This was always the danger of Trump's debt-fueled economy.
Trump's biography never progressed beyond chapter 11.
Donald Trump is sick and he has infected Uncle Sam.
Trump's answer to the recession is to go nuclear on debt and slash payroll tax.
If Donald Trump slashes taxes further the debt growth will go to > 10 x GDP growth as the GDP slows to zero or goes negative.
Taxes will dive from loss of payroll taxes and from the decline in economic activity. The budget deficit could double to $2 Trillion.
This was always the danger of Trump's debt-fueled economy.
Trump's biography never progressed beyond chapter 11.
Donald Trump is sick and he has infected Uncle Sam.