Last year, household debt topped $14 trillion.
The day before Dictator Donald Trump (DDT) Trump tweeted “BEST USA ECONOMY IN HISTORY!” he slashed a scheduled pay raise for federal workers from 2.5 percent to 1 percent because, according to DDT, he’s “keeping the nation on a fiscally sustainable course.” The White House said that a president can “implement alternative plans for pay adjustments” in “a national emergency or serious economic conditions affecting the general welfare.” This assertion came from the man who signed $1.5 trillion cuts for the rich and big business. The increase in cost of living for 2019 was 2.3 percent, the highest since 2011, which means that federal workers’ wages dropped 1.3 percent.
In January, the federal deficit climbed to $389, 25 percent more than the same period last year. The Treasury Department estimates a deficit of more than $1 trillion, even higher than the almost…
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