Key Analyst Says U.S. Is 'Going Broke' Under Trump
2 days ago
- #US Debt
- #Trump Policies
- #Economic Warning
- President Trump's tariffs may not pay down the national debt as claimed, but could instead worsen the U.S. financial situation.
- JPMorgan strategist David Kelly warns the U.S. debt-to-GDP ratio could exceed 100% by next year, signaling deeper financial trouble.
- If the Supreme Court rules Trump's tariffs illegal, it could force refunds, adding to the already massive $37.8 trillion debt.
- JPMorgan CEO Jamie Dimon and Federal Reserve Chair Jerome Powell have both expressed concerns over the unsustainable rise in U.S. debt.
- Trump's initiatives like the Department of Government Efficiency (DOGE) and the Big Beautiful Bill have increased federal spending and debt, contrary to their intended goals.