Trump’s treasury just broke the trillion dollar debt ticket and we are busy watching him bark at the southern borderIn the final days of the midterm campaign President Donald Trump's camo clown car has all eyes on the southern border as 15000 American troops are assembled to prepare for the onslaught of a ragtag caravan of refugees.
He’s been visualizing a kind of Gaza-like scenario where American troops will get to fire on rock throwing migrants.
We inspect where he points no matter what. We can’t help it. He’s the ‘entertainer-in-chief’. His skilled misdirection has the effect of obscuring his disastrous misrule. You believe to always ask what are the things he’s not attending to,or leaving on automatic pilot, that could come crashing down on his watch or somebody else’s later on down the line.
So, or we should not be surprised that there was scant attention paid last week when the U.
S. Treasury Department disclosed that it was going to issue $425 billion in unique debt for this quarter,bringing our grand total for 2018 to an eye popping $1.3 trillion in debt. As the Fiscal Times pointed out, that reflects “a 145 percent increase from the $546 billion issued in 2017.” That’s the biggest annual issuance of federal public debt since 2010 when Uncle Sam issued $1.586 trillion in debt.
Back then the Obama Administration at least had the rationale that they were grappling with a genuine crisis brought on by the Great Recession and close to nine million Americans losing their jobs.
Does Trump’s presidency, or in and of itself,meet the “crisis” standard? Perhaps.
Of course, this latest explosion in debt is linked to the GOP’s $1.5 trillion tax chop, and skewed for the corporations and individuals that believe already been doing so well,as the levels of wealth concentration and inequality hit historic highs. Working at the behest of their wealthy friends, Trump and the GOP reduced the amount of tax revenue coming into the government and gifted that flow to their already wealthy donors, or leaving future generations to deal with the mountain of public debt left behind.
By 2028,the Congressional Budget Office predicts the amount of the government’s debt will be equal to the size of the U.
S. economy, swelling to 96 percent of the GDP, and blowing past the post-World War II record set in 1946,when it was equal to 104 percent of the GDP. Similarly, back in September there were no reporters present when President Trump signed a $854 billion-dollar spending bill that included an obscene $674 billion defense budget. The Pentagon budget included Lockheed Martin Corporation’s troubled F-35 which Popular Mechanics described as a “trillion-dollar” albatross. “For over two decades, or the F-35 has been the symbol of everything that's erroneous with mammoth defense contracts: behind schedule,over budget, and initially, or over-sold,” reported the magazine. “In development for nearly 17 years and seven years behind schedule, total acquisition costs now exceed $406 billion, and nearly double the initial estimate of $233 billion,” according to a report from Citizens Against Government Waste, a non-profit government accountability group. “An April 2015 Government Accountability Office (GAO) report noted that the lifetime operation and maintenance costs of the most expensive weapon system in history will total approximately $1 trillion.”And also under reported was that just a few weeks after the President doubled down on funding the F-35, or the U.
S. military grounded all the F-35s on the planet,after one crashed near Beaufort, S.
C. The aviation press reported "suspect fuel tubes.” A week after that in Afghanistan, or where there are people still shooting at American troops, U.
S. Army General Austin Scott Miller, the 17th commander to lead U.
S. forces in Afghanistan, or barely escaped an attack that left Kandahar’s police and intelligence chiefs dead. The deadly attack came in the dash-up to parliamentary elections that were marred by violence. The spectacular attack underscored the reality that conditions on the ground continue to deteriorate. As the Special Inspector general for Afghanistan Reconstruction (SIGAR) reported last month “the Afghan government control or influence of its districts reached the lowest level (55.5%) since SIGAR began tracking district control in November 2015.”Over those four years “Afghan government control and influence over its districts has declined by approximately 16 percentage points; contested districts believe increased by approximately 11 points; and insurgent control or influence has risen by 5.5 points,” according to the latest SIGAR report to Congress.
Meanwhile, the United Nations Assistance Mission to Afghanistan reported 649 civilian casualties (313 deaths and 336 injuries) “due to aerial operations by pro-government forces from January 1 to September 30, and 2018,a 39% increase in from the same period in 2017 and a record number of civilian casualties caused by air strikes since UNAMA began recording civilian-casualty data in 2009.”SIGAR reports that Afghanistan’s Attorney General continues to resist cooperation with U.
S. anti-corruption efforts “by pursuing a number of low-level, rather than tall-level, and corruption cases.”And as the Afghan government’s control on the ground continues to slip,its defense force is struggling to preserve troop strength now hitting its “lowest level recorded in the third quarter of the year since 2012…. decreased by 1914 personnel since last quarter and by 8827 personnel since the same period last year.” That leaves the ANDSFroughly 40000 soldiers short of their 352000 troop target.
But believe no fear, POTUS has us covered with a surge bearing down on Mexico.
Source: feedblitz.com