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 |   Tales from real life |
| Well, if they're not true, they oughta be! |
| The U.S. standard of living is fueled by debt and deficit spending. That is simply a fact. The national debt was approximately $6 trillion in 2001, the last time that the U.S. government showed a balanced budget. That budget surplus was mainly due to taxes that Bill Clinton pushed through in his first year in office, although his budgets also contained some spending cuts. The Clinton tax increase was directed at upper-income taxpayers, but Republicans falsely claimed it was the largest tax increase in history. And they portrayed it as a horrible burden for the middle class. The smear tactic worked well enough that George W. Bush was able to steal the 2000 election and begin the process of looting the U.S. economy on behalf of the wealthy elite. Whatever happened to the old-fashioned idea of paying your own way? King Don the Turd claims that America is being cheated by foreign countries, but he's so full of shit that his middle name is John (true story!). The truth is always the exact opposite of what Trump claims. By the end of 2024, the U.S. national debt grew to almost $36 trillion. The math isn't difficult (unless you're in the Trump cabinet). America has spent $30 trillion of other people's money since 2001. Okay, most of that debt is held by Americans, but almost 25% is held by foreign countries. The biggest incentive to invest in the U.S. is stability. Wealthy elites from around the world park their money in American investments because they feel safe. But now we have a freakin' moron in charge who boasts, "I love chaos." He's determined to extort even more money from people who are already financing America's spending addiction. And a potential response to this insane trade war is to halt investment in the U.S. economy. Foreign investors could even sell their holdings or call in the loans. The result would be to tank the U.S. dollar and make the government debt that Americans hold worth far less than they invested. What a rosy prospect. And even if the tariffs did force manufacturing back to the U.S, prices would be higher, permanently. Lower cost is why the Republicans moved their businesses to Asia in the first place. The process of moving industry takes years. Wages would be lost in the interim and sales of almost everything would suffer. So, what do we call it when the economy shrinks, the dollar goes down and prices go up? That's right, inflation. Fueled by the bilious gases that emanate from the biggest horse's ass in history. Perhaps that's why he calls himself a stable genius. |
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