After free-spending Trump years, Republicans rediscover US debt

Washington (AFP) – US President Joe Biden’s $1.9 trillion plan to revive the US economy has been met with howls from the Republican opposition in Washington, with conservative lawmakers saying it is full of money-wasting programs at a time when the country doesn’t need any more debt. Yet it wasn’t so long ago that the party, led by fellow Republican Donald Trump in the White House, passed massive tax cuts and an even larger stimulus package to fight the economic disruptions caused by Covid-19 — expensive measures that fueled the rising budget deficit. Now, with Democrats back in the presidenc…

Read More

HEDGE accordingly