“And though a man might prevail against one who is alone, two will withstand him—a threefold cord is not quickly broken.”
Eight years ago the MSM made it seem like it was one man against the world.
Like it was Trump vs. everyone else.
And back then, it probably was.
Stepping into the Oval Office, he had no idea what kind of forces he was actually up against.
The Deep State was dug in deeper than ever.
And the amount of resistance towards his policies and goals took him by surprise.
He never could’ve won.
All odds were against him
But now, things are different.
He’s backed by a whole team, not necessarily aligned with Trump’s every move, but aligned with one common purpose:
To Make America Great Again.
Sure, Trump is in the news.
He’s taking a lot of flak for some of his policies, but he’s also not alone.
It isn’t just him and his VP either.
As the saying goes,”A threefold cord is not easily broken.”
That being said, there is another threefold cord quietly, forcefully resisting the America Team Trump dreams of.
They are all usually on America’s side.
Not this time.
The First Cord:
Reuters reports:
“Ratings agency Moody’s said on Tuesday that the U.S.’ fiscal strength is on track for a continued multi-year decline as budget deficits widen and debt becomes less affordable.
The agency said in a report that the country’s fiscal health deteriorated further since Moody’s lowered its outlook on the U.S. triple-A rating in November 2023.
The report comes amid heightened uncertainty in U.S. financial markets as President Donald Trump’s decision to impose punitive tariffs on key trading partners has sparked investor fears of higher price pressures and a sharp economic slowdown.
“Even in a very positive and low probability economic and financial scenario, debt affordability remains materially weaker than for other Aaa-rated and highly rated sovereigns,” Moody’s said.
It projects debt to gross domestic product, a key ratio in assessing a country’s finances, will rise to around 130% by 2035 from nearly 100% in 2025.
Debt affordability will worsen at a faster rate, with interest payments accounting for 30% of revenue by 2035 from 9% in 2021, it said.
Moody’s is the last among major ratings agencies to keep a top, triple-A rating for U.S. sovereign debt, though it lowered its outlook in late 2023 due to wider fiscal deficits and higher interest debt payments.”
The Second Cord:
It’s not only the Moody’s credit rating agency which sees slow growth for the United States.
The United State’s own Congressional Budget Office is sounding the alarm too.
Reuters reports:
CBO sees US deficits rising over 30 years, economic growth slowing
The Third Cord:
And now we come back to the relationship between interest payments on debt and deficit spending.
From 2003 until 2020, interest payments remained about 2.6%.
Until 2020, that’s when Quantitative Easing could no longer cover up the massive amount of money the Federal Reserve had pushed into the economy.
Now interest payments are on their way up.
Meanwhile, as public debt continues to grow, deficit spending grows to pay for public debt.
Trump’s team is up against a heavy odds.
While they may succeed in reducing the federal government. They may not succeed in reducing public debt.
