Donald Trump loves to yip and yap about how this or that boom in the economy, stock market ... is all because he’s in the Oval Office. And he loves to exaggerate positive trends—even though most were due to the work of President Obama, who was handed a national crisis and then literally rescued a broken country that was heading for another Great Depression.
This week, something else is booming in record breaking numbers and Trump doesn’t really want to take credit for it. In fact, there is a 100% chance he won’t mention it at all. And like so many important stories of the day, this news almost got buried.
Kathryn Watson with CBS reports:
About a year ago, President Trump pledged to eliminate the national debt “over a period of eight years.”But for the first time in history, the national debt surpassed $21 trillion this week, according to the U.S. Treasury.
Is anyone surprised? It gets worse. (Again, is anyone surprised?)
The landmark comes shortly after Congress passed, and Mr. Trump signed, a suspension on the federal debt limit last month, allowing the government to borrow an unlimited amount of money until March 1, 2019.
When Mr. Trump took office on Jan. 20, 2017, the national debt was $19.9 trillion, according to U.S. Treasury data. Since then, the GOP-led Congress has passed a $1.5 trillion tax cut bill and a two-year spending deal which, together, are expected to drive the deficit and debt further upward. The Committee for a Responsible Federal Budget estimates annual deficits could top $2.1 trillion per year in the next decade, which would send the national debt soaring even higher.
#MakingAmericaPoorAgain
Trump, his administration and the complicit/supportive Republicans in Congress continue to destruct and obstruct a nation that seems to be in complete disarray. One of the most stable and sure aspects in America today is that the rich are getting richer and the poor are getting poorer.