During the Obama years, Congress and the conservative talking heads blasted and ridiculed him for deficits and racking up the debt. Every day we had to listen how he was bankrupting our country, how debt was killing us. Remember when the Republican Congress was willing to shut down the government rather than raising the debt ceiling?
What happened to all that fiscal responsibility and loathing of debt?
The U.S. budget deficit this year is already 21% higher than last year. U.S. borrowing is expected to hit $329 billion in the current quarter. This will be the largest third quarter deficit in eight years and will equate to a 74% rise over last year.
Nobody seems to be complaining about that now. Are we no longer worried about our grandchildren?
Mnuchin is the bankruptcy expert. Remember, his was the guy who flourished during the 2008/2009 housing crisis. Millions of Americans lost their homes. Mnuchin got very rich.
Trump is doing to our country what he did to many of his businesses. He is running it into the ground. He is bankrupting it. When it gets nasty, he will walk away, personally much richer than before.
You can’t money-launder the United States national debt away with borrowing schemes from Russian oligarchs. So for the next 50 years, the middle class, our children and grandchildren, will be paying for the debt so the fat cats today got their tax cuts. Ross, DeVos, Mnuchin, Trump, all the kleptocrats we put in charge, are sucking the country dry, and we’re letting them.
Trump always says that our leaders have been stupid. Maybe they have been.
But right now, it’s us, the country, who are stupid.