Wall Street economists issue warning that Trump’s $40 trillion debt nightmare will force brutal tax hikes
- President Donald Trump re-entered office pledging to restore stability to the United States' finances by scaling back federal governance, ending expensive foreign conflicts, and promoting economic expansion to curb mounting deficits.
- Nineteen months into his second term, however, the national debt has climbed beyond $40 trillion.
- Government expenditures have expanded rather than contracted, while the six-month conflict in Iran has devolved into a costly deadlock.
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- President Donald Trump re-entered office pledging to restore stability to the United States' finances by scaling back federal governance, ending expensive foreign conflicts, and promoting economic expansion to curb mounting deficits.
- Nineteen months into his second term, however, the national debt has climbed beyond $40 trillion.
- Government expenditures have expanded rather than contracted, while the six-month conflict in Iran has devolved into a costly deadlock.
Sources: The Independent