Defeat Trump Public date: 16.10.2020 21:22:36

18 Apr 2020

Record government and corporate debt risks ‘tipping point’ after pandemic passes

The United States is embarking on a rapid-fire experiment in borrowing without precedent, as the government and corporations take on trillions of dollars of debt to offset the economic damage from the coronavirus pandemic.
The United States is embarking on a rapid-fire experiment in borrowing without precedent, as the government and...
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Publisher: NYTimes

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10 Feb 2020

Trump’s $4.8 Trillion Budget Would Cut Safety Net Programs and Boost Defense

President Trump released a $4.8 trillion budget proposal on Monday that includes a familiar list of deep cuts to student loan assistance, affordable housing efforts, food stamps and Medicaid. In a speech Mr Trump said his budget would bring deficit to zero with rosy assumptions about economic growth.
President Trump released a $4.8 trillion budget proposal on Monday that includes a familiar list of deep cuts to student...
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Publisher: Yahoo Finance

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10 Feb 2020

U.S. Household Debt Exceeds $14 Trillion for the First Time

Americans increased their borrowing for the 22nd straight quarter as more households took out loans to buy homes or refinance existing mortgages, according to a report released today from the Federal Reserve Bank of New York.Total U.S. household debt rose by $601 billion in the fourth
Americans increased their borrowing for the 22nd straight quarter as more households took out loans to buy homes or...
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25 Oct 2019

The U.S. deficit hit $984 billion in 2019, soaring during Trump era

The U.S. government’s budget deficit ballooned to nearly $1 trillion in 2019, the Treasury Department announced Friday, as the United States’ fiscal imbalance widened for a fourth consecutive year despite a sustained run of economic growth. The deficit grew $205 billion, or 26 percent, in the past year.
The U.S. government’s budget deficit ballooned to nearly $1 trillion in 2019, the Treasury Department announced...
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2 Jul 2019

Radical Republican Tax Cuts are Bankrupting the Nation

Thanks to Donald “I’m the King of Debt” Trump, our federal government’s debt is rising much faster than under President Barack Obama despite Trump’s frequent assertions that the economy is much better now that he is in the White House.
Thanks to Donald “I’m the King of Debt” Trump, our federal government’s debt is rising much faster than under...
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25 Nov 2018

Trump demands action to reduce deficit, pushes new deficit spending

President Trump is demanding top advisers craft a plan to reduce the country’s ballooning budget deficits, but the president has flummoxed his own aides by repeatedly seeking new spending while ruling out measures needed to address the country’s unbalanced budget.
President Trump is demanding top advisers craft a plan to reduce the country’s ballooning budget deficits, but the...
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Publisher: Forbes

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11 Aug 2018

Trump’s Economic Scorecard: Higher Inflation, Flat Wages And A Ballooning Federal Deficit

In the past few days, new economic reports have come out that don’t paint a very rosy picture for a number of economic items. While GDP hit 4.1% for the June quarter, but only 2.9% year over year, and the unemployment rate is hovering at all-time lows, inflation continues to increase, real wages are stagnant and the federal budget deficit is ballooning
In the past few days, new economic reports have come out that don’t paint a very rosy picture for a number of economic...
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