He made his money as a Florida gambling scammer,
Now he wants to join Congress as “The Hebrew Hammer.”
With Donald Trump’s backing,
It’s Muslim progressives he’s attacking,
We agree with CAIR that he belongs, not in Congress, but in the slammer.
The Associated Press: Donald Trump has big plans for the economy — and a big debt problem that will be a hurdle to delivering on them.
Trump has bold ideas on tax cuts, tariffs and other programs, but high interest rates and the price of repaying the federal government’s existing debt could limit what he’s able to do.
Not only is the federal debt at roughly $36 trillion, but the spike in inflation after the coronavirus pandemic has pushed up the government’s borrowing costs such that debt service next year will easily exceed spending on national security.
The higher cost of servicing the debt gives Trump less room to maneuver with the federal budget as he seeks income tax cuts. It’s also a political challenge because higher interest rates have made it costlier for many Americans to buy a home or new automobile. And the issue of high costs helped Trump reclaim the presidency in November’s election.
“It’s clear the current amount of debt is putting upward pressure on interest rates, including mortgage rates for instance,” said Shai Akabas, executive director of the economic policy program at the Bipartisan Policy Center. “The cost of housing and groceries is going to be increasingly felt by households in a way that are going to adversely affect our economic prospects in the future.”
It’s one thing to, at Christmas, give your kid an Atari.
It’s another thing, at midlife, to gift yourself a Ferrari.
But when you’re the U.S. President,
You’ve got to be wary of those emoluments,
And don’t go accepting $400 million jets from the Qataris.
