Summary

Americans, frustrated with high prices despite a strong economy, voted for change with Donald Trump’s election. Trump promises to reverse Biden-era policies, vowing steep tariffs, tax cuts, and mass deportations.

Economists warn his plans could worsen inflation, increase the federal deficit, and destabilize growth. The Peterson Institute predicts Trump’s tariffs could drive up costs for American consumers, while deportations could shrink GDP by $5.1 trillion.

His proposed tax cuts could add $4.1 trillion to the deficit, while economists question his willingness to address fiscal imbalances through spending cuts.

  • @renrenPDX
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    201 month ago

    I predict increase in marijuana sales over the next four years.

    • @SkunkWorkz
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      181 month ago

      If the Heritage Foundation gets its way you won’t be able to buy weed legally.

    • @[email protected]
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      fedilink
      161 month ago

      Nah, there’s a good chance the DEA will continue enforcing federal laws even in states that have legalised it.

    • @aceshigh
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      English
      161 month ago

      I imagine weed will become illegal again… along with porn. Family values…