US Treasury Secretary, Sideshow-Steve Mnuchin is again looking to borrow a trillion dollars to cover government deficit and Trump's latest tax cuts.
Axios sums it up:
Treasury borrowing surpassed $1 trillion during President Obama's first term as government spending soared amid the stimulus to combat the 2008 financial crisis, but it has steadily declined in the years since, settling down to $519 billion in 2017 before nearly doubling last year.Yeah, Obama had to borrow a trillion to fight the Great Recession of 2007/2008 he inherited from the profligate Republicans. Trump is forcing the US to borrow that same amount, for the second year in a row, in a boom economy. He's putting America in hock to pay for tax cuts for the rich and major corporations. Which means if the next big recession arrives next year, Washington will be tapped out and incapable of stimulus spending. And, true to form, Mitch McConnell is now talking about slashing Medicare and Social Security to ease Trump's deficits.
Gee, let me see. If I was the head of a hostile foreign power and I had control of that other nation's leader and I wanted to eliminate that country as a thorn in my side, what would be better than to create a boom economy on borrowed money and then use that to leverage considerably more indebtedness so that, when the rebound recession hits, my stooge's government is tapped out, unable to save itself through traditional stimulus spending. But, of course, that's conspiracy thinking and there's no reason to imagine Trump might be someone's useful idiot undermining the economic integrity of the United States and leaving it utterly defenceless to a devastating recession.
our very own Beelzebub, Shifty Steve Harper. Ignoring what propelled Trump to the White House - the gerrymandering, the voter suppression, the Cambridge Analytica voter manipulation, Clinton's broad unpopularity, the Russians and the fact that Hillary, not Trump, won the popular vote - Harper put Trump's victory down to the power of populist conservatism.
In a new video posted online on Monday titled "Why Trump Won," Harper defends Trump voters as "not the ignorant and misguided deplorable depicted in mainstream media, they are our family, friends, and neighbours."
"Many Americans voted for Donald Trump because the global economy has not been working for them," Harper says in the video.
"We can pretend that this is a false perception. We can keep trying to convince people that they misunderstand their own lives, or we can try to understand what they are saying and offer some solutions."
He then posits that the way to serve these "ordinary people" is through "populist conservatism," that’s grounded in "tried and true conservative values."
The four issues Harper says conservatives should focus on are:
Market economics;What a total jackass.