While most are well aware that President Obama is leaving office having almost doubled the national debt during his 'reign', the more concerning fact is that this debt-splosion came with the weakest economic recovery in US history. What this means simply is that Obama is handing Trump the 'riskiest' America since World War II as debt-to-GDP is the highest since Truman.
One day his Supreme Court justices will retire. Obamacare may be repealed. History will forget about his charisma and charm. Edward Snowden may eventually return home. The 500,000+ pages of regulations his administration issued will be replaced. And even the families of all the innocent victims who were accidentally killed in his drone strikes may move on with their lives.But the debt will still be there.
President Trump’s economic plan will create 25 million new jobs in next decade, “return to 4 percent annual economic growth,” "lower rates for Americans in every tax bracket, simplify the tax code, and reduce the U.S. corporate tax rate” according to a statement posted on the White House wesbite.
The question should be for investors is where are all the Ratings Agencies since the US Government Strong Armed Standard & Poor`s for doing their job and warning about the rising US National Debt, which has gotten noticeably worse by a substantial margin since the initial downgrade by S&P.
'Trump Time' - Let the games begin - Massive political uncertainty – President’s conflict with the CIA – ‘Strong dollar policy’ to end as U.S. has $120 trillion plus debt – Trump inherits Bush and Obama’s humongous debt
We discuss the $20 Trillion National Debt, the $5 Trillion Central Bank Balance Sheet and the 105 Percent Debt to GDP Ratio in the context of the environment that Donald Trump is going to inherent as President in this video.
On Obama's last day in office, total Federal debt was some $39 billion below the key "psychological level", clocking in at precisely 19,961,467,137,973.64. This means that both "Dow 20,000" and "Debt $20,000,000,000,000" accomplishments will belong to Trump.
There is much we don’t know about how the Trump presidency will play out. But of one thing we can be fairly certain. President Trump is very likely to preside over the largest expansion of Federal budget deficits in our history.
America can no longer afford to waste trillions of dollars on a militaristic foreign policy. Donald Trump should follow-up his attacks on wasteful military spending by dramatically changing our foreign policy and working to cut the Pentagon's bloated budget. If the new administration and Congress increase spending, they will need the Federal Reserve to monetize the growing debt, but Fed action can only delay the inevitable day of reckoning.
Gold prices closed on Obama's inauguration day at $857.25 per ounce. Exactly 12 months later on January 20th, 2010, gold had risen to $1,111.05/oz for a gain of nearly 30% in the first year after Obama’s inauguration.
Only a few days after Trump’s inauguration ceremony, the U.S. National Debt will creep across the important psychological barrier of $20 trillion. It’s a problem that’s been passed down to him, but it certainly puts the incoming administration in a difficult place.
"The world order is under biggest attacks since WW2, from Russia, terrorist groups, and China’s actions in the South China Sea,” Gen. Mattis told John McCain, agreeing with the bellicose senator that Russia is trying to break up NATO, and adding that Russia is the "principal threat" to the United States's security.