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Trump’s Economic Era

government imposes unreasonable regulations and
taxes, the less the economy grows.

The Keynesian policy of increasing government
borrowing and spending eventually leads to increases in
the national debt, taxes, and unemployment. As a
businessperson, President Trump knows the necessity
of risk-taking if one is going to succeed. Trump’s
economic policies place a greater emphasis on
incentives and less on income redistribution policies.

FREEDOM AND DEBT
The federal government borrows money by selling
bonds, which we call securities. When President Obama
took office, the national debt was about $10 trillion, and
when he left office eight years later, it was almost $20
trillion which is about $63,000 per citizen and about
$172,000 per taxpayer. In the first year of the Trump
Administration the federal deficit was almost one
trillion dollars. Personal debt is about $19 trillion and
student loan debt is about $1.5 trillion. Go to
http://www.usdebtclock.org/ for the latest figures.
Excessive debt leads to fewer choices for both the
government and individuals as more income goes to
servicing the debt. Excessive debt can also exacerbate
an economic downturn. Imagine servicing a 20 trillion
dollar national debt, especially when interest rates
increase! Debtors with variable rate loans can face
bankruptcy with rising interest rates.
A trillion is a million million. A trillion dollars in
$100 bills would weigh 22 million pounds! If you stack
one hundred dollar bills on top of each other, you would

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