Showing posts with label on a Future Debt Crisis: 'Yeah. Show all posts
Showing posts with label on a Future Debt Crisis: 'Yeah. Show all posts

Saturday, December 8, 2018


By Reason, Dec. 05, 2018

Those who appreciate the Donald Trump presidency for its transparent refusal to apply lipstick to piggish federal policy have a new example to point to. The Daily Beast is reporting that Trump "has repeatedly shrugged" off any concerns about the massive and rapidly expanding national debt, reportedly saying about the day of debt-reckoning, "yeah, but I won't be here."

This sentiment is no surprise for the dwindling number of people in public life who worry actively about the long-term fiscal unsustainability of the United States. Trump campaigned, successfully, on "protecting" Social Security and Medicare, expanding the already-swollen military budget, and cutting taxes. There was no way in hell that that combination would reduce budget deficits and debt, and hoo boy has it not.$