hangover
Gold Member
- Oct 8, 2013
- 5,734
- 642
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This country is about to learn why the republicans were thrown out of power for 40 years after the economic collapse of 1929 which caused the GREAT DEPRESSION.
America didn't learn the lesson when republican deregulations caused the economic collapse in 2007 when Bush was POTUS, so Obama had to clean up the mess he made.
But what the GOP and Trump are about to do will make those economic collapses look like a walk in the park.
Economists are saying that Trump's tax cuts will add another $7 trillion to the national debt immediately. And the wall and deportation of eleven million Mexicans is going to cost another trillion. And starting a war with Iran and Iraq is going to add $10 trillion more. Another $5 trillion for infrastructure. A trade war with the whole world, voiding all trade agreements.
Just how are the republicans going to spend all this money without adding it to the national debt?
In March the interest on the national debt comes due....over a half trillion dollars. How can they possibly not default on the national debt? Can you say "worthless money"? Can you say "no food, no gas, no home"? There won't even be any bread lines!
America didn't learn the lesson when republican deregulations caused the economic collapse in 2007 when Bush was POTUS, so Obama had to clean up the mess he made.
But what the GOP and Trump are about to do will make those economic collapses look like a walk in the park.
Economists are saying that Trump's tax cuts will add another $7 trillion to the national debt immediately. And the wall and deportation of eleven million Mexicans is going to cost another trillion. And starting a war with Iran and Iraq is going to add $10 trillion more. Another $5 trillion for infrastructure. A trade war with the whole world, voiding all trade agreements.
Just how are the republicans going to spend all this money without adding it to the national debt?
In March the interest on the national debt comes due....over a half trillion dollars. How can they possibly not default on the national debt? Can you say "worthless money"? Can you say "no food, no gas, no home"? There won't even be any bread lines!