Tag: the economy

The State of the Union or Trump’s BS

We held our breath in anticipation before the State of the Union. What lies and misleading statements will Donald dream up? He didn’t let us down. He flipped some real whoppers. Social Security and Medicare During the election, Donald promised…

The Economy: the boom before the bust

Today’s robust economy is being fueled by massive borrowing of money inflated by Trump’s tax cut. The US economy is heading for a cliff in the next recession.  As government revenues decline there will be even more explosive deficits .…

Trump, the job creator?

When economic times are good, the President claims and  gets credit from a majority of the voters. When the economy is bad, the voters take it out on the President. The credit or punishment a President gets may be undeserved either way.…

Trump’s economic fantasy world

The nonpartisan Congressional Budget Office just shot down Trump’s budget. It is overly optimistic about growth rate in the future.  In the economy, we have: government spending, consumer spending investment spending. About 30-40% of government spending comes from money largely…