The Coffman Chronicle

The Coffman Chronicle

Debt, Downgrades, and Deception: The GOP’s Manufactured Fiscal Crisis

The US is on track to become Trump's 7th, and most significant, bankruptcy.

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Team Coffman Chronicle
May 19, 2025
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For decades, Republicans have declared themselves the party of fiscal responsibility. They’ve warned about runaway spending, claimed to champion balanced budgets, and vilified Democrats as reckless stewards of the public purse. But the numbers—and the history—tell a very different story. With a new GOP budget proposal poised to deepen the deficit and fu…

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