The Trump Presidency Message Board

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Politics : The Trump Presidency

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CentralParkRanger

To: Wharf Rat who wrote (156826)	3/21/2020 12:43:40 PM
From: Steve Lokness	1 Recommendation Read Replies (1) of 356681

A while back people here were discussing how much the Federal debt would go up this year as a result of COVID-19. I remember the amount of 1 Trillion being discussed. Now I hear the amount of 2 plus Trillion just for the one aid package. And that won't be the last. No extra money coming in to pay for that! Add to that huge loss of money coming into the treasury and it looks like many many Trillions of new debt. The loss to treasury will be especially exasperated since investors with stock accounts will be able to offset capital gains with huge capital losses. trumps debt will make Obama's look like pocket change. The dire policy of trump tax cuts, senseless pushing the interest rates low (or I'll fire you) and the general ridiculous thinking that borrowing at such low rates is a good thing - will all be coming home to roost.

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