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America the not so beautiful December 28, 2018

Posted by hslu in 特朗普, 美國, 美國, Debt and deficit, Politics, Trump, US Government, 川普.
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Just when 2018 is about to turn into 2019, here is a list of things that are happening in the most powerful country on earth: the USA:

  • The federal government is closed for business but all federal employees will get paid even though they don’t have to go to work when the federal government is shut down.
  • Trump is incapable of telling the truth and has made at least 7,546 false or misleading claims while in the White House.
  • The White House has an acting chief of staff, an acting secretary of defense, an acting attorney general, an acting EPA administrator, no interior secretary, and no ambassador to the United Nations.
  • Trump’s former campaign chairman, deputy campaign chairman, national security adviser and personal lawyer have all pleaded guilty to crimes.
  • Trump’s campaign, his transition, his foundation, his business and possibly himself and his family are all under investigation.
  • Democrats in the House will likely impeach Trump.
  • The federal government takes in $657 trillion but spent $5.051 trillion.
  • America will spend $874.4 billion on defense in 2018, about 17.3% of total spending.
  • The federal deficit is $1.4 trillion, ~27.8% of what government spent.
  • The national debt stands at $25.6 trillion or about 109% of the
  • Total personal debt is $23.066 trillion or $67,306 per person which does not include total mortgage debt which is another $17.675 trillion. The student loan debt is $1.950 trillion and credit card debt is $1.579 trillion.
  • Major stock indices are in correction territories from recent highs.
  • Short term interest rates are the highest in 10 years.
  • U6 Unemployment Rate as of November 2018 was 7.6%.
  • The war in Afghanistan is going nowhere after spending $1.07 trillion.
  • America waged trade wars with many countries in the world.
  • The US is losing allies all over the world.
  • America is losing influences on world order which America built over the past 70 years.
  • Trump gets his advices on foreign and domestic policies from Fox News and talk-radio hosts.

Financial data source: The national Debt Clock. http://www.usdebtclock.org/current-rates.html

 

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