The $40 trillion uniparty
Happy $40 trillion national debt to all who celebrate!
TL;DR
- The "uniparty" is characterized by a shared commitment to out-of-control deficit spending, not specific policy agreements.
- Both Democrats and Republicans have abandoned fiscal conservatism, with President Trump adding more to the national debt in under six years than Obama did in eight.
- Federal borrowing is projected to reach $48 trillion by the end of Trump's term, with net interest payments becoming the fastest-growing item in the federal budget.
- Federal borrowing crowds out private capital and pressures the Federal Reserve, leading to inflation or fiscal insolvency.
- The "national conservatism" movement prioritizes state power for cultural and economic engineering, embracing populist and protectionist policies that lack fiscal restraint.
- Claims that tariffs can pay off the national debt are economically illiterate and fail basic mathematical scrutiny.
- The country is heading towards a fiscal cliff, and neither party is willing to address entitlement reform and mandatory spending.