What Will a Donald Trump Presidency Mean Economically?

I have to admit, I was as surprised as most people to see Donald Trump win the Presidential election. I honestly didn’t think the establishment would let that occur. However, I don’t think a Donald Trump presidency will change everything.

I want to say first of all that I think Donald says some good things and he is definitely better for our nation than Hillary would have been. Many of his supporters are expecting him to ‘make America great again’. I honestly don’t think that is going to happen.

Donald will be more friendly toward private enterprise. I also don’t think Donald cares more about other people than Hillary does. I suspect that he actually has a conscience.

I suspect that he will not do a lot to slow the accumulation of debt in America, both private and public. He does not have strong libertarian leanings. He has already promised to spend heavily on infrastructure, a wall and on the military. I don’t think he will get a chance to cut social spending very much either.

I think he will be caught between a rock and a hard place. We will probably be going into some very tough times financially, and he will have to make some very hard decisions. Even though some of these problems will be because of President Obama’s policies, Donald will get the blame.

A Donald Trump presidency will not be able to save us from the fallout from our debt problems either. Our national debt will  be over 20 trillion dollars by the time he is in office. If interest rates would rise to just 5%, we would have to pay over a trillion dollars a year just in interest! That is over a third of all of the revenue we bring in.

Our debt problem is like a ticking time bomb. The problem is, we have gotten so used to the ticking sound that almost no one even pays any attention to it anymore. Meanwhile, the bomb continues to grow. When it blows, no one will be able to predict how much damage it will do.

Donald Trump will do whatever he has to do to contain the damage if it blows during his presidency. While I am glad he won the election rather than Hillary, I don’t think it will make a lot of difference in the long run.

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