Please reload


Please reload



Overwhelming Debt May Force Trump Economic Proposals

January 16, 2017

With Donald Trump set to be president, it’s clear we need compromise to move forward from the divisive and combative election period.


But there’s a problem. We know we need compromise, but too many of us want several incompatible things at once.


For instance, we want health care. That’s a noble aim – we want people to be covered for care they need. But how will it be funded when we also want tax cuts and a balanced budget?


At best, we can have two of those three things at once, but not the whole trio. It seems too many Americans want it all and don’t see why it can’t happen.


Put another way, we want more than we can afford. If we want everything, we must pay for it somehow – either income increases or the purchases are financed.


Those who don’t get it are likely the same people spending more than they earn every month. Sadly, it is 38 percent of the country, by some estimates.


This mix frames the discussion for any of President Trump’s economic proposals – they must consider governmental debt at all levels.


Currently, federal debt hovers around $20 trillion and state/local debt adds roughly another $3 trillion to the mix. Total debt has risen $10 trillion in President Obama’s two terms.

In order to truly have what we want, our debt has to be reined in. It should be a priority for any president, but often is not.


In fact, spending controls dating back to the 1990’s were abolished under President George W. Bush. That combined with large governmental outlays was effectively the liftoff of our debt rocket.

This isn’t a blame-game, but rather an indicator of a tough situation for President Trump to inherit. As usual, the first 100 days will be crucial…stay tuned.

Share on Facebook
Share on Twitter
Please reload


Pennsylvania Office

P (610) 358-8942

F (610) 358-8943

Delaware Office

P (302) 449-0111

F (302) 449-1888


51 Woodland Drive
Glen Mills, PA  19342

291A Carter Drive
Middletown, DE 19709



Check the background of your financial professional on FINRA’s BrokerCheck.

This material has been prepared for informational and educational purposes only. It is not intended to provide, and should not be relied upon for, accounting, legal, tax or investment advice. Please consult with a professional specializing in these areas regarding the applicability of this information to your situation.

Andrew Wood, Dan Simon and Alison Slezak are Investment Advisor Representatives. Advisory services are offered through CoreCap Advisors, LLC., a Registered Investment Advisor. CoreCap Advisors, LLC and Daniel A. White & Associates, LLC are separate & unaffiliated entities. 

© 2018 Daniel A. White & Associates, LLC. All right reserved. Built by Atwood Sites.

PA OFFICE: (610) 358-8942
DE OFFICE: (302) 449-0111