Letter to the Editor: Trump Economics

Letter to the editor: Trump economics

I read with interest a recent letter from a fellow reader of The Californian. He stated “America is broke.” We aren’t broke yet. But our Treasury bonds bought by investors around the world have been downgraded from Aaa to Aa1.…

Letter to the Editor: Examining Economic Claims and Presidential Policies

The following letter was submitted by Daniel Carey: US debt IS at an all-time high. The 2017 tax cuts asked for by then-President Trump, and authorized by Congress caused an over $7 trillion increase in the national debt – approximately 25% of ALL the debt accrued by the US in its history. All of which went to line the pockets of billionaires. Remember? Trump’s mismanagement of the Covid crisis in 2020 led to a crash in the economy and a huge in…