Trump's Budget Plan: Gold Card Visa, Debt Crisis
Spokane News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
President Trump proposes a gold card visa for wealthy immigrants, aiming to balance the federal budget for the first time in decades. However, the national debt continues to soar, surpassing $38 trillion, with interest payments now exceeding defense spending. Both Democrats and Republicans avoid addressing Medicare, Medicaid, and Social Security, the main contributors to spending. Despite past attempts to reduce deficits, debt has nearly doubled since Trumps presidency, driven by pandemic aid and recent tax-and-spending packages. Experts emphasize the need for Congress to address spending-revenue gaps, rather than temporary solutions, as debt is projected to reach 120% of GDP in a decade.
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