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Surprise! Dems Handing Massive Debt Bomb To Trump, pulling the pin and walking away! Progressives have been planning a secret going-away present for a long time, wrapped and ready to explode, but now they are hoping to escape unnoticed and blame Trump on their way out the door!

The 'debt bomb' the Democrats are giving Trump could endanger America's existence and cripple the economy for a generation.

Treasury Secretary Janet Yellen has raised a red-flag warning that will have national ramifications and could smash the economy!  The Treasury will have to take "extraordinary measures" to prevent a default when the US borrows more than it can handle in mid-January, during Trump's inauguration on January 20th.

These actions, which are intended to keep the federal government afloat, highlight a financial disaster that was drastically expanded by Democratic economic policies that President-elect Donald Trump will inherit.

The debt ceiling was deferred until January 1, 2025, by an agreement reached in 2023, but the stakes are bigger than ever with a new multitrillion-dollar cap scheduled to go into force on January 2 but oddly rescheduled to January 20th!

In her letter to Congress, Yellen warns the government would not be able to pay its bills by the middle of January if nothing is done, in other words America has gone broke. Her appeal draws attention to the exhausted status of American finances while highlighting the significance of upholding the "full faith and credit of the United States."

Yellen hinted at secret accounting tricks like:

• early redemption of existing government securities
• halting the issuing of specific kinds of securities

These strategies are not a long-term fix, and is more like a band-aid, but they can buy time. They only delay the debt ceiling's final reckoning.

Earlier this month, Trump demanded a suspension of the borrowing cap until January 2027 as part of a larger effort to stabilize the country's finances. House Speaker Mike Johnson (R-Louisiana), however, blocked this attempt by passing a spending bill that maintained government operations without altering the debt ceiling.

Without substantial changes to discretionary spending and entitlement programs, the national debt will keep rising out of control and will eventually destroy the economy.

Although Yellen's resignation on January 20 signals the end of an era, it also prepares the ground for a major political confrontation. Scott Bessent, Trump's choice for Treasury Secretary, must manage a debt ceiling problem while carrying out the economic plans of the new administration.

As markets respond to the uncertainty around whether Congress will take action to raise the debt ceiling or permit the U.S. to default, the transition period may make things even more complicated. A default would be disastrous, possibly leading to a world financial catastrophe and eroding America's reputation as a trustworthy trading partner.

The stakes are extremely high, and the situation is grave. Democratic policies could and probably will explode the "debt bomb" during Trump's presidency, leaving his administration to face the consequences.

Trump has a huge economic task in addition to a political one as he gets ready to assume leadership. How he handles the debt crisis will determine his presidency and the future of America.

Final Word: Chickens have come home to roost! The Dems and the Repubs have been complicit in building this enormous debt bomb; now they have to pay the piper.

Question: Who is going to pay ‘the piper’ for all these decades of shenanigans?

Answer: Look in the mirror!