Trump Turns US Into Credit Risk

[Thought Art]

 

[PsychedelicEagle]

Great analysis.

[Topspin715]

The big problem with our debt largely has to do with government entitlements that grow every year to support an aging population with fewer and fewer people paying in to support those programs. Politicians also keep lower taxes for because it helps them get elected again and again.

This problem has probably accelerated the most that it has under Trump but it really started with Reagan and has gotten worse under every administration except for Clinton.

[Thought Art]

@Topspin715 And lost trust now 

[Topspin715]

It's going to get worse in coming years. People will increasingly ditch the US dollar as the global reserve currency, interest rates will continue to go up, and the government is likely to start printing money which will cause inflation which is like what happened around covid time.

We desperately need entitlement reform but no politician is willing to do it because they are afraid that they can't get re-elected if they cut benefits or raise taxes. Will cause a debt hangover for probably twenty years in the US.