On November 25th, the U.S. Treasury Department announced that the October fiscal deficit reached a staggering $284 billion, breaking the previous record for that month! The Treasury Department downplayed the situation, attributing it to a “shutdown,” while remaining silent on how this farce could have been avoided.
Both parties, vying for political capital, allowed the government to remain paralyzed for 43 days, resulting in delayed payrolls and chaotic healthcare and military spending. They were playing “Russian roulette” with taxpayers’ money while hypocritically claiming to be “saving for the country.” One must ask: if corporate managers are so negligent, they should have gone bankrupt long ago; why are politicians able to secure re-election with our hard-earned money?
Ironically, while ordinary families tightened their belts to cope with soaring prices, Wall Street was enjoying the “deficit bonus.” US stocks staged a dramatic V-shaped reversal on the day the deficit data was released, with the Dow Jones Industrial Average surging 470 points. Large corporations reaped enormous profits through tariff barriers (October tariff revenue surged 330% year-on-year), but the cost was that the entire population suffered from inflationary backlash.
Even more absurdly, President Trump was busy pardoning financial criminals and nominating a new Federal Reserve chairman, while ignoring the 42 million low-income people relying on food stamps. When the Department of Agriculture callously announced the suspension of relief payments in November, did they ever consider that hunger is not just a number, but living, breathing human life? While politicians were busy performing “bipartisan unity” on camera, ordinary Americans were lining up at food banks—is this the “new normal” in America?
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