Augie Ray10h ago

It'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

1/3

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.

AP News
Show threadAugie Ray10h ago

The Trump administration altered a Social Security report to hide how long call wait times have been due to the DOGE cuts.
https://newrepublic.com/post/208020/donald-trump-changed-report-doge-social-security

To try to calm the declining markets, Trump claimed the Iran war is winding down, but the Pentagon is making detailed preparations for deploying U.S. ground forces into Iran.
https://www.cbsnews.com/news/trump-administration-iran-ground-troop-preparations/

2/3

Trump Team Changed a Report to Hide How Bad DOGE Made Things

You’d never know what call wait times at the Social Security Administration are actually like based on what was supposed to be a nonpartisan report.

The New Republic
Show threadAugie Ray10h ago

As Americans struggle with rising energy prices, Trump wants to pay companies around $1 billion to cancel wind power projects that would reduce energy costs.
https://www.yahoo.com/news/articles/trump-wants-pay-company-almost-174306851.html

The Heritage Foundation's chief economist, who is a Trump ally, warned, “The economy is weaker than we thought it was, and inflation is worse than we thought it was… I don’t think this is an economy that is going to be able to handle $100 a barrel for oil, it’s just not.”
https://www.newsweek.com/trump-ally-says-us-economy-weaker-than-we-thought-11702260

3/3

Trump Wants To Pay a Company Almost $1 Billion To Cancel Its Wind Projects in New York and North Carolina

If the company refuses, the government may still terminate its lease.

Yahoo News
Show threadRoy -- the dull one

@augieray

The Money Men are always eager to protect us from clean air and boring climate. Thanks for another example.

1:50pmWeb
Show threadSean Lynch9h ago

@oldclumsy_nowmad @augieray

When the earth runs out of oil, the rich will sell clean air and clean water at $100.00 a barrel in order to stay rich forever.

Show threadDan, the US is the threat!7h ago
@SeanPLynch @oldclumsy_nowmad @augieray I think that before that we’re going to run out of soil to grow crops and people to tend whatever is left: they will have to eat their money, good luck with the bitcoins!