Our government’s debt is approaching $21 trillion. The stimulus packages, tax cuts, and QE have driven it to new highs.

It didn’t start with Trump though, despite him claiming to have initiated the largest tax cuts.

President Reagan beat Trump to it back during his time in the White House during 1981 through 1989. His tax cuts were, and are still, the largest seen in American history.

GDP grew 6.3% during the years that Reagan implemented the tax cuts.

Meanwhile, debt tripled during that boom period. And over the years, the deficit that was generated then remained.

It’s ridiculous thing to have happened.

Instead of letting surplus balance out the natural deficits, the government kept pushing free money to leverage the economy.

It’s not natural! And it doesn’t work…

Our government doesn’t let our economy work in a natural way, which is similar to how our bodies work when we become sick. Instead of resting and letting the sickness run its course, the government keeps leveraging and fighting against deleveraging, wearing it down until there’s a flat-line state.

This crap doesn’t work!

I’ve much more to say about this, and IES, in the video below. Click here to watch.

Harry

Follow me on Twitter @harrydentjr

The Truth Exposed: The Future of the Markets & Your Wealth

During this ground-breaking FREE presentation, controversial economist and bestselling author Harry Dent will deliver the hard truth about our economy that you'll never hear in the mainstream media... Read More>>
Harry Dent
Harry S. Dent Jr. studied economics in college in the ’70s, but found it vague and inconclusive. He became so disillusioned by the state of his chosen profession that he turned his back on it. Instead, he threw himself into the burgeoning new science of finance where identifying and studying demographic, technological, consumer and many, many other trends empowered him to forecast economic changes. Since then, he’s spoken to executives, financial advisors and investors around the world. He’s appeared on “Good Morning America,” PBS, CNBC and CNN/Fox News. He’s been featured in Barron’s, Investor’s Business Daily, Entrepreneur, Fortune, Success, U.S. News and World Report, Business Week, The Wall Street Journal, American Demographics and Omni. He is a regular guest on Fox Business’s “America’s Nightly Scorecard.” In his latest book, Zero Hour: Turn the Greatest Political and Financial Upheaval in Modern History to Your Advantage, Harry Dent reveals why the greatest social, economic, and political upheaval since the American Revolution is on our doorstep. Discover how its combined effects could cause stocks to crash as much as 80% beginning just weeks from now…crippling your wealth now and for the rest of your life. Harry arms you with the tools you need to financially prepare and survive as the world we know is turned upside down! Today, he uses the research he developed from years of hands-on business experience to offer readers a positive, easy-to-understand view of the economic future by heading up Dent Research, in his flagship newsletter, Boom & Bust.