atans1

Simpsons’ 2000 episode tells us what Trump’s economic legacy will be

In Uncategorized on 15/11/2016 at 7:28 am

Bart To The Future, first broadcast in 2000, showed how the lives of the main characters might turn out.

A grown-up Lisa Simpson was seen as the White House incumbent, explaining to her staff she has “inherited quite a budget crunch from President Trump”.

She then asks her secretary of state, childhood friend Milhouse Van Houten, how bad the country’s finances are as a result of Trump’s time in office. He replies: “We’re broke.”

http://www.bbc.com/news/entertainment-arts-37936369

Well his plans for massive infrastructure spending while cutting taxes sure look that the US will have a massive deficit wen he leaves office.

http://www.economist.com/news/united-states/21710013-congress-can-constrain-only-parts-donald-trumps-economic-policy-strap-up

And

Add in the infrastructure spending Mr Trump also wants, and the economy could get much hotter ..

For the record, his infrastructure plans (up to US$1 trillion) are a lot bigger than Socalist Bernie’s plan.

Update at 2pm: A wave of selling sweeping across bond markets resumed on Monday as investors continued to digest the impact of a Donald Trump presidency.

[S]ince inflation and interest rates are seen as likely to rise, investors are seeking assets with a more attractive return. With a Trump administration promising economic stimulus through spending and tax cuts, investors are worried about putting money into low fixed-payment assets, such as bonds.

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