Posted at Hartmann Report on Jan. 28, 2025
Crashing the Economy: Trump’s Blueprint for Power and Profit
A collapsing America is a billionaire's paradise, and Trump's all in…
Democrats are warning that Trump's threats to increase our national debt by as much as $7 trillion (with new tax cuts for billionaires), shift billions of Treasury dollars into crypto, and impose tariffs on imported goods risk creating a financial crises and maybe even a second Republican Great Depression.
After all, tariffs will jack up inflation, crypto is incredibly volatile, and increasing the national debt will pull hundreds of billions out of the treasury in interest payments that could have otherwise been used to help the American people, rebuild our infrastructure, and upgrade our schools. Any of the three could trip off a national economic emergency: all three could be a perfect storm.
Trump, though, seems unconcerned, even though Republican economists are also signaling their alarm. Which raises the question: Why is he so willing to risk an economic crash on his watch with these risky policies?