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President Trump proposed $2,000 dividends to the American people. He says that this money would come from U.S. tariff income but only after some (not all) U.S. debt is paid down.
Remember during the first Trump administration when serious economists warned that Covid stimulus checks would lead to record inflation and no one listened? Get ready for a sequel if these “dividends” ever hit bank accounts.
It’s hard not to see this as an obvious distraction from broken campaign promises: to shrink the size of government, end foreign spending, and fight inflation with pro-business policy.
The President also put forward a 50-year mortgage to help young people afford a home. This plan is as wise as building your own house with no carpentry experience.
A 50-year mortgage is not much different from renting.
Here’s the math: On a $500,000 home at 6%, the interest on a 30-year mortgage totals roughly $460,000. Stretch that to 50 years and you’ll pay about $860,000 in interest. That’s nearly double the cost for the same house. Why would any president think that’s “helping”?
Trump compared himself to Franklin Roosevelt, who introduced the 30-year mortgage. But Roosevelt is no hero to emulate. He confiscated Americans’ gold, expanded federal power beyond precedent, and warped the housing market into a lifelong debt trap. Since his reforms, housing prices have risen more than 400% in real terms, and over 2,000% in nominal dollars.
And this is the legacy we’re copying? A power-hungry Democrat who made debt the American dream.