Trump will soon take the reins of country facing significant challenges
Editor:
As America awaits the baton of power to pass from President Biden to Donald Trump, much turmoil is expected. Biden is dumping a significant financial burden into Trump’s lap. The federal debt is now $36 trillion. A $13 trillion increase since 2020 has bolstered concerns about the welfare of our country.
The Treasury debt is perilously saturated in short-term notes instead of 10- and 30-year bonds. Much of the short-term debt is maturing annually and ultimately will have to be refinanced at higher interests rates. This will adversely affect the government’s interest expenditure. Yellen has bulked up on 2-year Treasury bills to avoid a rise in mortgage rates.
The Strategic Petroleum Reserve has dwindled to dangerous levels; our weapons arsenal is substandard.
This latest smudge with Biden pardoning his son, Hunter, despite stating on multiple occasions that he would not intervene, has many people questioning what defines justice. Confidence has plummeted precariously after that sideshow.
Taxpayer dollars have been wasted on losing undertakings: (case in point) education, where children learn to hate America, has sidestepped the rigors of reading, writing and math. How about Buttigieg’s push to construct charging stations for e- cars. The transportation security spent $7.5 billion on eight such spaces after citing $500,000 initially. These failures will undoubtedly impact both the economy and the general public.
It will be like entering a maze for Trump; he will have to prioritize and navigate which tangled knot to undo first.
The current state of affairs is riddled with some pretty spine chilling events, such as the approval of a military-focused budget for 2025-2027 by Putin. As Trump tries to disentangle from Ukraine, he simultaneously has to try and restore a viable equilibrium in the Middle East. Americans are apprehensive as the ongoing political turmoil and unpredictability escalates.
The transition of power from Biden to Donald Trump will be a challenging and complicated road. When Biden became President in 2020, he purposely overturned many of Trump’s policies; noteworthy: reversing Trump’s travel ban policy and immigration enforcement and undocumented immigrants. We all know, too well, the aftermath of those deeds. Personally, I believe his motive was revenge.
Now, once again, revenge is at work. Instead of repairing the damage he has already inflicted on America, Biden is hell bent on causing more.
Mary Mager,
Fairport, formerly of Albion