Hello everybody and thank you for tuning into the weekly report.

Trump and Harris ignore a great danger facing America.

The Penn Warren Budget Model, a think tank headquartered at the University of Pennsylvania,

recently released a study claiming former President Donald Trump's economic plans

would add about $4 trillion to the national deficit

over 10 years, while Vice President Kamala Harris's economic plans would add about $2 trillion.

Vice President Harris would increase the deficit largely through expanding refundable tax credits such as the fundable tax credits even if they have less federal tax liability.

So this proposal includes a welfare program disguised as a tax credit.

Vice President Harris also proposes spending $40 billion on an

innovation fund to increase the supply of affordable housing.

Another of the Vice President's proposals is providing first-time homebuyers with up to $25,000 in down payment assistance.

Harris's proposals could contribute to a new housing bubble.

This bubble would inevitably burst, leading to an economic crisis

likely worse than a great recession that followed the bursting of the last housing bubble.

One reason it could be worse is that it may be accompanied by the bursting of several other bubbles

and the rejection of the dollar's world reserve

currency status. According to the study, President Trump will increase the

deficit by cutting taxes without also cutting spending.

President Trump has pledged to renew the 2017 tax cuts and also promise to stop taxing Social Security benefits.

Trump's tax cuts would help spore economic growth,

job creation, and higher tax revenues. The study indicates that the

pro-growth effects of Trump's tax cuts are the reason it projects

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