Just as a quick re-cap of the current drama --> the entire reason for the budget cuts AND the tariffs was so that Trump could claim that his upcoming tax cuts were "revenue neutral"... in other words, would NOT raise the deficit and national debt.
What this means then is that the US govt. will have to sell more bonds to borrow money...which likely means interest rates will go up. Coupled with the already rising prices, that means inflation is going to go up...lather, rinse. repeat. To the people who claim "Well, the Democrats did that too," I would state that borrowing money *at low interest rates* to jump start the economy to help all Americans is not a bad idea. Borrowing money *at high interest rates* to fund tax cuts just for the wealthy not only sounds like a bad idea, but is the same "trickle-down economics" we've had for the last 45 years (since Reagan). Trickle-down economics has gotten us into our current situation. Doing the same thing over and over (and over again) and expecting a different result isn't working for us.
Remember all of Trump's pre-election promises about how he was going to roll back all the price increases and cut inflation? He's already given up on them, apparently.
Surprise! Not really...he hasn't been able to raise enough with the tariffs, and (despite all the claims of waste at the government) he hasn't been able to find enough to cut, so his upcoming budget is going to have a $4.5 trillion deficit.
What this means then is that the US govt. will have to sell more bonds to borrow money...which likely means interest rates will go up. Coupled with the already rising prices, that means inflation is going to go up...lather, rinse. repeat. To the people who claim "Well, the Democrats did that too," I would state that borrowing money *at low interest rates* to jump start the economy to help all Americans is not a bad idea. Borrowing money *at high interest rates* to fund tax cuts just for the wealthy not only sounds like a bad idea, but is the same "trickle-down economics" we've had for the last 45 years (since Reagan). Trickle-down economics has gotten us into our current situation. Doing the same thing over and over (and over again) and expecting a different result isn't working for us.
Remember all of Trump's pre-election promises about how he was going to roll back all the price increases and cut inflation? He's already given up on them, apparently.










