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Donald Trump Next’s Dumb Idea: Destroy the U.S. Economy

Donald Trump
President of the United States Donald Trump speaking with supporters at a Make America Great Again campaign rally at International Air Response Hangar at Phoenix-Mesa Gateway Airport in Mesa, Arizona.

Well, when it comes to Donald Trump, one thing seems pretty clear: one bad idea deserves another.

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And this time, it’s a whopper. As in, let’s have another debt ceiling showdown circa 2011-2013 style

How stupid

From Bloomberg:

“Donald Trump is egging on Republicans already intent on using the federal debt limit as leverage to extract concessions from Democrats, potentially pushing the country further toward the brink of default as the former president seeks to reassert his grip on the GOP.

The former president has been posting exhortations on social media for Republicans to “be tough” and not “give in” as the US approaches running out of cash later this year, asserting the party “can get back almost everything” Democrats won legislatively under President Joe Biden.”

What Is Donald Trump Thinking? 

While I consider myself a fiscal conservative and hate the fact that America has created a debt of $31 Trillion- in fact, we spend $6 Trillion alone on just fighting COVID-19, more than we spend on World War II beating Hitler and Imperial Japan – debt ceiling showdowns need to be a thing of the past. As in, they need to never, ever happen again. 

One of the things that make America a superpower is an economy that is second to none and that no one ever doubts we will pay our debts.

While many pundits love to say China could someday surpass the U.S., the simple fact is that Beijing looks like it has peaked. You can’t have monster growth rates when your demographics are a dumpster fire and will grow really old collectively before you grow rich. 

That means, barring some sort of economic or military suicide run, America could retain its global hegemon status for decades to come. Why throw that away? 

If the GOP is smart they will ignore Donald Trump’s advice on this one. Conservatives should remember it was sequestration from the last debt ceiling crisis that damaged the U.S. military for years. 

Bottomline: playing chicken with the U.S. economy is no way to try and score political points with the American people. It’s just stupid. 

About the author: Harry J. Kazianis (@Grecianformula) serves as President and CEO of Rogue States Project, a bipartisan national security think tank. He has held senior positions at the Center for the National Interest, the Heritage Foundation, the Potomac Foundation, and many other think tanks and academic institutions focused on defense issues. He served on the Russia task force for U.S. Presidential Candidate Senator Ted Cruz, and in a similar task force in the John Hay Initiative. His ideas have been published in the New York Times, Washington Post, Wall Street Journal, Newsweek, CNN, CNBC, and many other outlets across the political spectrum. He holds a graduate degree in International Relations from Harvard University and is the author of The Tao of A2/AD, a study of Chinese military modernization. Kazianis also has a background in defense journalism, having served as Editor-In-Chief at The Diplomat and Executive Editor for the National Interest.

Written By

Harry J. Kazianis (@Grecianformula) serves as President and CEO of Rogue States Project, a bipartisan national security think tank. He has held senior positions at the Center for the National Interest, the Heritage Foundation, the Potomac Foundation, and many other think tanks and academic institutions focused on defense issues. He served on the Russia task force for U.S. Presidential Candidate Senator Ted Cruz, and in a similar task force in the John Hay Initiative. His ideas have been published in the New York Times, Washington Post, Wall Street Journal, Newsweek, CNN, CNBC, and many other outlets across the political spectrum. He holds a graduate degree in International Relations from Harvard University and is the author of The Tao of A2/AD, a study of Chinese military modernization. Kazianis also has a background in defense journalism, having served as Editor-In-Chief at The Diplomat and Executive Editor for the National Interest.

4 Comments

4 Comments

  1. Dave Ferro

    January 19, 2023 at 4:19 pm

    Ummm… Government needs to cut spending across the board!

  2. Jimmyf40

    January 19, 2023 at 11:59 pm

    Oooh, your article makes Biden look like a fiscal genius by comparison.

    The US is living beyond its means, freely taking money from other nations and peoples who daily work their asses off in order to get their grubby hands on greenbacks that are valuable only because uncle Sam has military bases, soldiers and guns around the globe.

    Biden has been hurling massive amounts of money at the war in Europe, while desperate migrants from Haiti and south America head for the southern border, on foot, or swimming onto Florida coasts, or sneaking across the Rio grande or hiding in sardine-can trucks and SUVs and paying huge amounts to human trafficking gangs.

    US is creating hell on Earth, while its supporters dogbark at alleged bogeymen or boogermen around the clock.

    The result is Washington rushing headlong toward financial hell or financial endgame while guns and mass shootings and LAPD police officers rule the streets.

  3. Simon

    January 24, 2023 at 10:59 pm

    This is a perfect time to cut the bloated defense budget. Each time we hit the debt limit, cut the defense budget by the amount necessary to continue on. Also cut the CIA, NSA and NRO at the same time.

    And…

    Increase taxes on the rich for an amount triple the current shortfall.

    Keep doing that.

  4. George Jones

    January 26, 2023 at 11:41 am

    The only way to make politicians stop using the debt limit as a political football is to eliminate it. While that would be the more honest approach the prospect of having even an ineffective constraint eliminated is too scary. Frankly this fight should have been fought against the ridiculous omnibus spending bill that brought us here.

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