1 Day
Source:
The Guardian
Trump's 2016 pledge and $40tn debt
The article discusses how the US federal debt has exceeded $40 trillion during Donald Trump's presidency, despite his 2016 pledge to eliminate it. The surge is attributed to significant tax cuts for the wealthy and corporations, increased military spending, and pandemic-related emergency expenses. These policies have contributed to higher interest rates and worsened the affordability crisis, including rising mortgage costs. The article criticizes the shift from fiscal responsibility historically associated with Republicans and urges Democrats to highlight the debt issue in upcoming elections.
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