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Augie RayIt's tough to keep up on the flood of news, but don't lose sight of what Trump is doing to our economy and finances. Headlines from the last couple of days:
Trump promised his economic policies would erase the deficit. Instead, the national debt surpassed a record $39 trillion last week. It hit $38 trillion five months ago and $37 trillion two months before that.
https://apnews.com/article/us-national-deficit-hits-39-million-6ff73495bae701b5c009d3da5515ca3a
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US national debt surges past $39 trillion
The U.S. national debt has hit a record $39 trillion. The deficit hit the milestone Wednesday just weeks into the U.S.-Israeli war in Iran. The Government Accountability Office says rising debt can raise borrowing costs for mortgages and cars. It can also squeeze wages and push up prices. Budget advocates warn that growing interest payments force tougher tradeoffs. The federal debt has surged under both Republican and Democratic presidents, most recently fueled by wars, large-scale pandemic spending and tax cuts. The U.S. national debt hit $38 trillion five months ago — and $37 trillion two months before that.
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