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#nationaldebt

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⚪ 🇺🇸 **Trump’s claim that US debt calculation may be fraudulent could put the economy in danger**

_“But Trump’s comments risk shaking the confidence of financial markets, leading traders to reassess the reliability of official data and the potential risks associated with US Treasury bonds. Whether truth or tale, such remarks touch on sensitive issues regarding fiscal responsibility and transparency in government.”_

🔗 theconversation.com/trumps-cla.

#Data #Economy #Economics #Debt #NationalDebt #DonaldTrump #Trump #USA #US #UnitedStates #America #Politics #USPol @economics

The ConversationTrump’s claim that US debt calculation may be fraudulent could put the economy in danger
More from The Conversation UK

A quotation from Will Rogers

We owe more money than any Nation in the World, and we are LOWERING TAXES. When is the time to pay off a debt if it is not when you are doing well? […] Will you tell me any good reason (OUTSIDE OF POLITICS) why Taxes should be lowered this year? I know it’s good politics to lower taxes. In fact, did you ever figure it out Taxes is all there is to Politics? I bet you tomorrow if you started a Political Party and had this as its platform , “No taxes are to be paid at all. We will borrow money on our National resources for all current expenses. Remember the Slogan. No Taxes as long as we can borrow.” Well I will bet you you would have the biggest Political party in America .

Will Rogers (1879-1935) American humorist
Column, (1926-01-10), “Weekly Article”

Sourcing, notes: wist.info/rogers-will/74811/

Trump's new 5 trillion dollar add the the deficit taxes
NBC News: Republicans eye dueling budget votes next week as #MikeJohnson faces pressure to act
new analysis found that #Trump's tax agenda could add at least $5 #trillion to the #nationaldebt, with Republicans facing divisions on how to advance the president's policy priorities.

nbcnews.com/politics/congress/

NBC News · Republicans eye dueling budget votes next week as Mike Johnson faces pressure to actBy Sahil Kapur
Continued thread

#Trump’s overreach on #immigration policies, such as his EO on #FamilySeparation, was widely denounced as #inhumane & often ineffective.
“And those were his wins. His #tax plan added $2T to the #NationalDebt; his promised extension of them would add $5.8T over the next decade. His withdrawal from the #Iran #nuclear deal #destabilized the #MiddleEast. His support for #antidemocratic #strongmen like #Putin emboldened #HumanRights abusers all over the world.

#law#democracy#Vote

"The OBR said there were many policies that could improve the government’s debt position, including investments in health services. This would help people to live happier lives and return to the workforce, which in turn would lead to them paying more tax and using the health service less frequently."

#UKpolitics #NationalDebt #NHS

theguardian.com/business/2024/

The Guardian · UK debt projected to almost triple over next 50 years, watchdog warnsBy Phillip Inman