by meagain on March 5, 2025 10:10 am
America is flirting with insolvency, and if Trump pushes through the tax cuts to business and the wealthy he has promised, it will get far worse. That may be one part of his tariff plan, thinking it would raise revenues enough to get out of the mess. is limited knowledge could not comprehend that it would have the opposite effect.
A corporate increase, possibly just making corporations who manage to avoid taxes, like his own, would help a lot. Creating a modern universal healthcare system would also. It would give care for every citizen at less cost to the government than the wildly inadequate mess it now has. Improve life expectancy by a few years, too.
That debt rate makes me think. Forget the massive deaths the US would suffer in annexing Canada. It could not afford the continued occupation that would be necessary. It is too weak because of its fragile economic position. It would collapse.
The Chart in the link shows the history.
The current US Debt to GDP ratio is 124%. Canada's in contrast, is 42%.
I
macrotrends.net
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