Прво Банон пред неколку дена панично се обрати на Републиканците дека ситуацијата е сериозна оти сите ќе завршеле затвор.
Сега и мачоров (
el gato malo) иначе десно ориентиран и конзервативен, објави субстак.
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trumponomics, 50 year debt, and a worrying desperation
as many longtime readers know (and some certainly disagree) i have never had much faith in the economic instincts of donald trump, especially when times get tough.
he had a decent thing going in his first administration but blew it on lockdowns and the “cash cannon economics” of PPP and stimmy. this seems to be his go-to play and it looks to me like he’s currently looking at going back to it.
this new raft of ideas is cause for meaningful concern
in essence, his economics have always been a weird mix of center-left populism and mercantilist luddite doctrine, but when he panics, he really seems to go off the deep end and my worry is that the deepening struggles and tensions of the parts of the US economy not in on the AI caper are surfacing all of donnie’s worst instincts.
2025 saw $5.1tn in receipts, $5.1tn in spending on entitlements and debt service, and a $1.8tn deficit.
this year the deficit is forecast at $1.7tn and that looks optimistic (and does not include this new bout of cash giveaway.)
i’m honestly struggling to see what trump is playing at here.
does any serious human think the US federal debt level will be lower when trump leaves office than it is today?
because i’ll take the other side of that bet.
buckle up, the news does not look great
boriquagato.substack.com