Donald Trump on Sunday doubled down on his controversial pledge to give US adults a $5,000 “dividend” if his Republican party keeps control of Congress after November’s midterm elections. The plan has been greeted with expressions of incredulity across the US political spectrum as well as outraged accusations of seeing to bribe voters. The plan – which would cost more than a trillion dollars – also comes amid huge concern over the US national debt, which topped $40tn for the first time in August.
Trump had been asked if Congress would need to approve the $5,000 pledge and continued: “The Democrats can’t make that pledge because it would all go to hell right away, we’d go into a depression … I made that pledge, I always keep my pledge.” The US has roughly 240 million adult citizens, suggesting a cost of $1.2tn. The federal government spent about $7tn in fiscal year 2025, with about $2tn taken on as debt. When the plan was first touted by Trump last week at a rally in Texas, Marc Goldwein of the Committee for a Responsible Federal Budget wrote on X that “the result would be a huge spike in the deficit, and almost certainly in the inflation rate.” Democratic political leaders also reacted with a mix of outrage, disbelief and condemnation to the remarkable suggestion which comes at a time when Trump is struggling with low poll numbers and a disastrous conflict in Iran, which is having an impact on the health of the US economy.
Extract — continue reading at the source.
