This topic is about information related to the U.S. deficit and the National Debt. This is an area that NetAdvisor.org has covered in great depth due to the long term risks to the U.S. economy. Every tax payer and U.S. resident should be aware of the risks and implications of the U.S. deficit and National Debt.
Deficit
Whose Slush Fund?
WASHINGTON, DC. Congress just borrowed $2.2 Trillion last Friday. Understandably, a chunk will go to working families, small and larger businesses to retain employees, while there is in effect a near national slowdown; or in some cases a shutdown.
Yet, media have complained that President Trump (who didn’t write the bill) could control a “slush fund” of $500 Billion. The money would be for LOANS, and loan guarantees for impacted businesses.
Democrats speculated that Trump could loan money to his own hotels affected by the shutdown. This would be a conflict of interest, and if true, …. READ MORE…