VDH UltraWhat Should a President Trump Do? Part Four: The Budget
Victor Davis Hanson The U.S. is broke. It owes over $35 trillion, mostly to American and Chinese bond and T-bill holders. The interest alone costs nearly $1 trillion, larger than the annual defense budget. The aggregate debt is now 123 percent of the annual GDP. Each American resident owes some bondholder about $103,000. How can […]
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