Wednesday, March 1, 2017

Trump: Further Ado About Deepening National Debt

Our national debt started ballooning dramatically during the Bush years with the Iraq War and reduction of capital gains taxes. It further increased during Obama's tenure with the extension of the capital gains tax reductions and with the Affordable Care Act. Now, we have Trump who will add corporate income tax reductions. Our already staggering debt will become 'crushing'. This will lead to weakening the dollar and to inflation.