Founder, CHIPPEWA PARTNERS, Native American Advisors, Inc. A White Earth Chippewa he's helped Natives for decades. Raised conservative, he trained on Wall Street in 1982/83, met game changer William O'Neil in 1984. In a world on a dopamine, hypomanic binge, this is his take on financial chicanery, political crime, Native issues and life well lived. Written from the trading turret at his MT Ghost Ranch or TN farm, Pamelot.
Friday, March 16, 2018
Washington DC politicians at work
Under Barack Obama's administration, US debt rose at an alarmingly rate, having nearly doubled, surging by $9.3 trillion during Obama's 8 years. It now appears that the trajectory of US debt under the Trump administration will be no different, and in fact based on Trump's ambitious fiscal spending visions, may rise even faster than it did under Obama.
Today, Friday, March 16th, the US Treasury reported that total US debt has risen above $21 trillion for the first time; or $21,031,067,004,766.25 to be precise.
Putting this in context, total US debt has now risen by over $1 trillion in Trump's first year!