No. of Recommendations: 9
"Since neither party wants austerity (no, Trump doesn't actually want to materially reduce government spending, the DOGE dreams of his wealthy patrons notwithstanding)"
What Trump wants is another tax cut for corporations. He wants tax cuts for the 1% also, and will have to throw a bone to the working class that elected him and cut their taxes also. But he seems to think ( or at least says publicly ) that putting tariffs on imports is going to pay for the tax cuts. From what I've read, NOBODY else believes that. So his wished for tax cuts will send the deficit soaring, as usual. This is inflationary. His 2017 Tax cuts sent the deficit soaring. Rates will rise, as bondholders will expect to be compensated for the "monopoly money" policies of the US Government. Tariffs are inflationary, so end user consumers will be paying more for literally everything.
It's almost like Trump's goal is to bankrupt the Federal Government. Declaring BK was Trump's
magic move as a businessman, it's what he knows how to do.
I'm finding it hard to take solace in the logic of Trump supporters: Don't listen to what Trump says, he's just playing 3D chess. Trump never played 3D chess as a businessman. Hell, if it wasn't for Daddy Fred's money, we probably never would have heard of Don Trump. He was/is the farthest thing from a "genius businessman" in America. I don't remember the exact details, but his tax records revealed that Trump lost more money than anybody in America over a period of time from the mid 80's to the early 90's.
I'm trying to stay calm like you, Al, but it's hard.
