The One Big Problem Nobody Talks About, Except President Trump

https://www.theblot.com/one-big-problem-nobody-talks-except-president-trump-7755508

The One Big Problem Nobody Talks About, Except President Trump

Move over America! President Trump is coming through. The one big problem America is facing today is not Russia, Iran, North Korea or Mexico. Not even social issues like which gender is supposed to use the others bathrooms. The real problem facing America is the most powerful nation in the world can no longer fund its mounting national debts which are approaching $22 trillion. Once that happens, social security, minimum wage increases as well as many other social welfare programs will be tossed out of the window.

Whether we like it or not, Mr. Trump very much likely is going to be the next U.S. president. The reason? He is real, as real as one can ever get. It’s true Mr. Trump has called certain woman pig, slob, or even a bitch. But give him a break. Who wouldn’t give Rosie O’Donnel those titles?

President Trump may be the only man who can save America

Presidential candidates like to brag about themselves. “They are all talk, no action folks,” Donald Trump enjoys poking fingers at the establishment. Trump is mostly correct. President Obama is a highly educated, highly intelligent academic who has given America pretty much nothing in the last eight years. Well, it was the American voters that had elected the social worker Mr. Obama as their president. Don’t blame Trump for that.

Every Trump lover or hater should watch this Youtube video. You will be surprised to learn Trump’s seemingly outrageous messages are consistent with what he has been saying in the last four decades.

Remember the national debt? Well, it’s huger than ever, even though this year’s presidential candidates are mostly highlighting other problems.

The debt, at $19.3 trillion, is four times larger, adjusting for inflation, than when Ronald Reagan lamented its size in his 1989 farewell address. Yet only one of this year’s presidential candidates, Republican John Kasich, had a plan for doing anything about it, and he left the race after winning a grand total of one state. The two front-runners – Republican Donald Trump and Democrat Hillary Clinton – have said little about the debt, except for Trump’s jarring suggestion that maybe Uncle Sam can save a few bucks by renegotiating the debt and paying back less than 100 cents on the dollar.

Read more: PRESIDENT TRUMP: DON’T BELIEVE EVERY STUDY YOU READ, NO MATTER WHAT THE MEDIA SAYS

The size of America’s debt enrages a small cadre of thriftarians, while inducing drowsiness in most others. Complacency sets in because the fiscal crisis that’s supposed to occur as America borrows more and more keeps not happening. “Maybe we won’t have a crisis,” Maya MacGuiness of the Center for a Responsible Federal Budget explains in the video above. “What could cause a crisis, though, is if interest rates go up significantly. If you’re spending money on interest payments, that’s money we could be spending in better places.”

Interest rates are almost certain to go up, in fact, since they’ve been so low for so long that they can’t really go down. Barring sudden signs of inflation, the Federal Reserve is likely to hike rates slowly. Even so, a couple of years from now, rates could well be 2 percentage points higher than they are now, and maybe more. Even that would sharply boost U.S. borrowing costs.

The debt now totals about 105% of GDP, roughly twice the size of the economy it has been historically. The annual deficits that keep pushing the debt higher have come down during the last several years, as the economy recovers from the recession that ended in 2009. But America stillspends about $500 billion more each year than it takes in, meaning the debt will rise indefinitely. If Congress does nothing, at some point the ability to finance Medicare, Social Security and other things the government pays for will deteriorate and perhaps implode.

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In the video, MacGuiness outlines various ways this could happen – gradually or abruptly. She also suggests ways Trump and Clinton can talk to voters about the debt without scaring them to death over tax hikes and spending cuts. “Explain the aspirational piece of this,” she advises. “If we fix this problem, our economy can truly be the strongest one there is in the world.” The candidate who can pull that off deserves to win.

The pundits have been wrong about Trump since last June when he announced. What has happened? The pundits are not the voice of the people. Let President Trump be elected to the White House. He may be the only man who can save America from a financial catastrophe.

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