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The week's question
In December 2024, in the thread "Re: BRK: Why Not XOM?", BreckHutHigh asked the members: "What about the long road trips with kids?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Halls of Shrewd'm / US Policy
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Author: Banksy 🐝 HONORARY
SHREWD
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Number: of 84362 
Subject: Re: Trump-O-Nomics Update...
Date: 09/03/26 8:04 AM
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As expected...a total disaster...

Corporate incomes are soaring, while workers incomes are not even keeping pace with inflation.
("Consumer prices rose 3.4% in July from a year earlier, outpacing a 3.2% gain in hourly earnings over the same period.")

Inflation has now been above the Fed's 2% target for 65 consecutive months.

The 60+ day delinquency rate on US subprime auto loans is up to ~5.2%, the highest on record.

Brent crude oil prices surge above $97/barrel as the illegal Iran War nears its 190th day.

Ground beef prices have climbed to near-record highs, rising 25% during the Trump's current term,

30-Year Treasury is yielding 5.25%, trading at its highest level since the run-up to the Global Financial Crisis.

Average out-of-pocket ACA healthcare premiums are up 114% in 2026.

Thanks to Trump's tax cuts for the wealthy the national debt has surpassed 100% of GDP. (See Ferguson's Law)

The growth rate of the US money supply is SURGING. Growing at 7.9%/yr in July 2026. That's up from 5.4%/yr in July 2025.

The deficit is growing more than 3x as fast as tax receipts. The only way the US can solve its debt problem is by artificially suppressing rates and letting the resulting
inflation destroy the dollar, thereby reducing the real burden of its debt...Or, by raising taxes on billionaires and corporations. (Which will Trump choose?)

The explosion of the national debt under Trump is an act of intergenerational theft.
Far from "Making America Great", his policies have eroded our long-term stability, elevated interest burdens, and reduced future governments’ ability to respond to crises.

"I knew Trumps policies would bring prosperity!" ~Dope: noun, a stupid or annoying person

"There is no danger that the Titanic will sink. The boat is unsinkable!" ~Philip Franklin, White Star Line VP
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This community has written 84,309 posts about US Policy. The article-length ones it recommended most:
It's going to get worse · 33 recs · 2025
G’day Donny · 30 recs · 2026
Old Related Story · 28 recs · 2026
HCR is a national treasure · 27 recs · 2025
Fascism in America · 27 recs · 2025
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