A Masterclass in Strategic Brilliance: How to Reclaim Greatness by Making Everyone Mad
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A Masterclass in Strategic Brilliance: How to Reclaim Greatness by Making Everyone Mad
The “King of Debt” promised to reduce the national debt — then his tax cuts made it surge. Add in the pandemic, and he oversaw the third-biggest deficit increase of any president.
One of President Donald Trump’s lesser known but profoundly damaging legacies will be the explosive rise in the national debt that occurred on his watch. The financial burden that he’s inflicted on our government will wreak havoc for decades, saddling our kids and grandkids with debt.
The national debt has risen by almost $7.8 trillion during Trump’s time in office. That’s nearly twice as much as what Americans owe on student loans, car loans, credit cards and every other type of debt other than mortgages, combined, according to data from the Federal Reserve Bank of New York. It amounts to about $23,500 in new federal debt for every person in the country. Get Our Top Investigations
The growth in the annual deficit under Trump ranks as the third-biggest increase, relative to the size of the economy, of any U.S. presidential administration, according to a calculation by a leading Washington budget maven, Eugene Steuerle, co-founder of the Urban-Brookings Tax Policy Center. And unlike George W. Bush and Abraham Lincoln, who oversaw the larger relative increases in deficits, Trump did not launch two foreign conflicts or have to pay for a civil war.
An open letter to the U.S. Congress
Pass President Biden’s budget!
890 so far! Help us get to 1,000 signers!
At a time when working families are having trouble affording everything from healthcare to education to housing to food, we need a budget that lowers costs for millions of households―paid for by making the wealthy and big corporations pay their fair share.
President Biden’s FY2025 budget would expand the Child Tax Credit, expand Affordable Care Act subsidies to help millions of people afford healthcare in states that haven’t expanded Medicaid, invest in free pre-K for 2 million kids, implement a national paid family and medical leave program, provide free community college, expand Social Security’s modest benefits, and more.
It would also reduce the national debt by nearly $3 trillion.
He does this by raising the corporate tax rate, implementing a 25% tax on the wealth gains of billionaires and ultra-millionaires, ending tax breaks for excessive CEO pay, closing loopholes that encourage corporations to ship jobs and profits offshore, and much more.
I urge Congress to pass President Biden’s FY2025 budget to invest in working people and our future. By wide margins, the American people think that the wealthy and large profitable corporations should pay more of their fair share in taxes. So endorsing the president’s budget is not only good policy, it’s good politics. Thanks!
▶ Created on March 15 by Jess Craven
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The “King of Debt” promised to reduce the national debt — then his tax cuts made it surge. Add in the pandemic, and he oversaw the third-biggest deficit increase of any president.
Tax cuts for corporations and the top percent - who don’t pay their fair share.
Excited to have installed my new video work 'Indebted To You' for 'Sites Of Knowledge' at @janelombardgallery in chelsea, alongside work by some incredible artists. Join us at the opening this Thursday 6-8pm, 518 West 19th Street, NY. Curated by William Stover and Melissa Bianca Amore. Richard Artschwager, Henri Chopin, Simone Douglas, Guy Larame, Jen Mazza, Kristin McIver, Enrico Isamu Oyama, Michael Rakowitz, Karen Shiff, Sophie Tottie. #concretepoetry #nationaldebt #semiotics #language #textart #sitesofknowledge #chelsea #kristinmciver #janelombardgallery (at Jane Lombard Gallery)
Finalising new video work for 'Sites of Knowledge' at @janelombardgallery in Chelsea, NYC. Curated by William Stover and Melissa Amore. Richard Artschwager, Henri Chopin, Simone Douglas, Guy Laramee, Jen Mazza, Kristin McIver, Enrico Isamu Oyama, Michael Rakowitz, Karen Schiff, Sophie Tottie. #concretepoetry #nationaldebt #artnyc #textart #semiotics #sitesofknowledge #chelsea #kristinmciver #janelombardgallery (at Jane Lombard Gallery)
America Just Crossed the $39 Trillion Debt Threshold — Here's What That Really Means for You
The total gross U.S. national debt has officially surpassed $39 trillion — up nearly $2.7 trillion in a single year — and the bill is landing squarely on the shoulders of every American household.
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