President Donald Trump’s economic policies have had a devastating effect in a multitude of ways, as outlined in a NY Times article.
The economy is growing at under a 2 percent rate.
The deficit for the present fiscal year is going up by more than $2 Trillion, and the total national debt level is reaching $40 Trillion.
Tariffs are causing great disarray, and much of the amount collected has been ordered returned to corporations, but meanwhile alienating America’s allies and friends.
Manufacturing employment is declining, despite claims otherwise by the Trump Administration.
Inflation is eating away at the average wages of tens of millions of workers.
Gasoline prices are still above $4 a gallon.
Housing costs are rising, making it impossible for millions of younger Americans to consider purchasing a home, and the interest rates are high.
Health care costs are causing massive harm to tens of millions of Americans, as many who had been on “ObamaCare” no longer can afford it, and Medicaid cuts of massive amounts are on the horizon in 2027.
Donald Trump ran his campaign in 2024 promising a better economy, but the exact opposite has occurred.
Trump postpones 50% tariffs on Canadian goods
https://www.axios.com/2026/08/19/trump-canada-tariffs-50-percent-postponed
With the U.S. national debt surpassing the $40 trillion milestone, it directly affects the economy by driving up borrowing costs for consumers and businesses, accelerating federal interest expenses, and restricting long-term economic growth. When the federal government borrows heavily, it introduces massive structural pressures that ripple through interest rates, inflation, public programs, and private investments.
When I was in the Navy, the year after I left Argentina, they had a 1000% inflation rate from all of the debt accumulated by their Military Junta.
To put this into perspective, if a loaf of bread cost you $1.00 in January, by December it would cost you $10.00.
This is exactly where this incompetent Trump Administration is leading us!!
Wow! Insane!
U.S. Debt Hits $40 Trillion as America’s Borrowing Binge Continues
https://www.nytimes.com/2026/08/19/business/economy/us-debt-40-trillion.html?unlocked_article_code=1.6lA.2gnC.fdztuE8bvAHt&smid=url-share
Fed and Treasury appear at odds when it comes to the markets
https://www.axios.com/2026/08/20/bonds-fed-treasury-policy
The next Democratic administration needs to raise taxes BIG TIME on the super-rich and big corporations!