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New Stats Reveal Just How Badly Trump Is Screwing Over The Economy: “$22 Trillion Of Federal Government Debt”

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President Donald Trump has an endless list of reasons why he is a truly terrible President of the United States and leader of the free world. His critics never get bored because they never have to find themselves repeating things about him – the sheer volume of things he gets so badly wrong on a daily basis provides for ample material.

However, there is one thing that he really should not be getting wrong. He is a businessman, and supposedly a highly successful one, so if there is one area of policy he should actually be pretty good at, it is managing the finances of the country and ensuring that we are being economically productive. The reality, of course, is a million miles away from that.

As it turns out, the adminsitration and White House of President Donald Trump is screwing over the economy just as badly as it is screwing over all the other aspects of American policies. New data released by the US Treasury Department in what is known as the Daily Treasury Statement reveals just how poorly the economy is performing under Trump, and unveils the shocking scale of debt that he has got us spiralling into:

The national debt has surpassed $22 trillion. The national debt was $19.947 trillion on Jan. 20, 2017, the day President Donald Trump took the oath of office. It has climbed more than $2 trillion since then, to $22.013 trillion. The share for every man, woman and child in the U.S. is more than $67,000. The debt has risen more than $6,000 per person during the Trump presidency.

The growth of annual budget deficits is outpacing the growth of the economy, Congressional Budget Office Director Keith Hall told lawmakers last month. The debt, at the end of 2018, equaled 78 percent of the gross domestic product. It is on pace to reach 93 percent by 2029 and 150 percent by 2049, the budget office forecasts. Even in the wake of World War II, that figure never surpassed 106 percent, Hall noted.

This is truly, truly shocking stuff. The reason for all of this incredible money mismanagement is ultimately, of course, fairly obvious. Sure, Trump supposedly has many billions of dollars to his name, but he inherited a fortune and a business empire from his parents and grandparents and he has declared bankruptcy at least six times during his career as a so-called businessman. Trump is more of a reality star than a businessman, and he is certainly not a politician, which is yet another example of how ill suited he is to be our President.


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