‘Starve the beast’? The $40tn cost of Republicans’ false promises to cut spending

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Guardian Business

‘Starve the beast’? The $40tn cost of Republicans’ false promises to cut spending

The enormous US debt under Trump will hobble the next Democratic administration – just as the GOP planned Why is the Trump administration causing turmoil in the bond markets? You could pin the US’s staggering $40tn in government debt to Donald Trump’s Keystone Cops-style governance. Tariffs he sold as a new source of revenue were struck down by the supreme court, forcing the government to return tens of billions o…