Reposted by @dneecy65.bsky.social
Trump says tariffs will pay for the $5,000 checks.
But tariffs have brought in about $140 billion extra so far, against a $1.2 trillion promise. That covers roughly eleven cents per dollar.
The rest just gets borrowed. newsletter.platypuseconomics.com/p/i-promise-...
newsletter.platypuseconomics.com
I Promise I'm Good for It
So does the president. His check is $5,000, mine is $5,000, and so far the two of us have funded the exact same number of them.