Since the beginning of his campaign, Donald Trump accused then- President Obama of amassing over $10T in national debt over the span of his two presidential terms. Now, that seems to be catching up to President Trump in a bad way.
On Thursday evening, the Washington Times reported that President Trump had accumulated almost $1T in his first 14 months as POTUS. Analysts predict that if he continues his spending spree, he could stockpile almost $3T. He’s not the fastest to amass $1T this quickly. President Obama collected the amount in just six months after the Great Recession and the Wall Street bailout from President Bush Jr.
He is, however, the quickest President to collect $1T in the 14 month span without any fascinating devastations to the U.S economy. Now, do not let it escape to your mind entirely that this all falls on President Trump, yet more the majority rather the minority is due to January’s ridiculous $4T budget deal.
Minor measures can save and decrease the national deficit, such as eliminating ObamaCare, saving over $676B. As for immigration, there are numerous merit based immigration bills that will require illegal immigrants to either contribute to the economy and be led to a path of citizenship or be deported. Doing this will save at least $20B each year as illegal immigration costs taxpayers over $130B per year. DACA gives over 690,000 illegal immigrants social security, but inputting a bill, such as the SUCCEED Act, will eliminate that and save $15B.
The Washington Times said, “When House Speaker Paul D. Ryan suggested in December that the GOP would use the fast-track budget process to attempt those changes, his idea was quickly batted down by Senate Majority Leader Mitch McConnell.”
If you have any questions, email me at firstname.lastname@example.org If you would like to contribute to theDailyLead, email us at email@example.com. Follow me on Twitter @JorgeVelasco71 for updates on today’s politics and follow @theDailyLead for ground breaking stories like these.
Jorge Velasco is CEO and founder of theDailyLead.