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National debt is a risk for Trump’s promises on growth, inflation [Video]

Trump has bold plans on tax cuts, tariffs and other programs. High interest rates and the price of repaying the existing government debt could limit what he can do.

Trump has bold ideas on tax cuts, tariffs and other programs, but high interest rates and the price of repaying the federal government’s existing debt could limit what he’s able to do.

Not only is the federal debt at roughly $36 trillion, but the spike in inflation after the coronavirus pandemic has pushed up the government’s borrowing costs such that debt service next year will easily exceed spending on national security.

The higher cost of servicing the debt gives Trump less room to maneuver with the federal budget as he seeks income tax cuts. It’s also a political challenge because higher interest rates have made it costlier for many Americans to buy a home or new automobile. And the issue of high costs helped Trump reclaim the presidency in November’s election.

“It’s clear the current …

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Small Business Lifestyle

Florist creates wreath for Officer Horan's funeral service [Video]

12 NEWS MOBILE APP. WE ARE EXPECTING A SEA OF BLUE IN THE PIEDMONT TRIAD TOMORROW. AS GREENSBORO AND LAW ENFORCEMENT FROM ALL OVER THE COUNTRY SAYS GOODBYE TO OFFICER MICHAEL HORAN. TONIGHT, ONE IN STATE BUSINESS IS PREPARING TO CONTRIBUTE TO THE FUNERAL. WXII 12 SARAH SOWERS HAS DETAILS ON A SPECIAL TRIBUTE FOR A FALLEN HERO FROM KINSTON TO GREENSBORO. ONE SPECIAL WREATH IS MAKING ITS WAY TO THE TRIAD AS A SYMBOL OF ETERNAL LIFE AND PEACE, HONORING OFFICER HORAN. THERES OFFICERS THERE THAT THANK ME FOR BRINGING IT, BUT YOU KNOW, IM THE ONE THATS THANKING THEM. RYDER MOZINGO HAS BEEN CREATING FLORAL ARRANGEMENTS FOR 16 YEARS, HONORING FALLEN LAW ENFORCEMENT OFFICERS. HE WAS ASKED BY THE NORTH CAROLINA SHERIFFS ASSOCIATION TO CREATE A WHITE STAR WREATH WITH HUNDREDS OF FLOWERS. AND HE WAS THE SAME FLORIST THAT MADE THE MEMORIAL WREATH FOR SERGEANT NICKS LAST YEAR. ITS HIS WAY, HE SAYS, TO THANK OFFICERS ONE LAST TIME. I HOPE IT LEADS TO FAMILIES REALIZE HOW MUCH THE COMMUNITY REALLY APPRECIATES THEIR SACRIFICE. YOU KNOW, WORRYING ABOUT IF THEIR HUSBANDS OR WIVES ARE COMING HOME THAT NIGHT, YOU KNOW, EVERY TIME THEY GO OUT THE DOOR, THERES THAT RISK THAT THEY MIGHT NOT COME BACK. AND I JUST WNT THEM TO KNOW THAT PEOPLE IN THE COMMUNITY REALLY APPRECIATE WHAT THEY DO FOR US. ITS A PERSONAL CAUSE HE TOOK TO AFTER HIS OWN TRAINING, OFFICER, ALLISON PETERSON, DIED IN THE LINE OF DUTY IN APRIL 2009. THE IMPACT OF ALLEN GETTING KILLED WAS REALLY, REALLY POWERFUL. TO ME. AND I DIDNT REALIZE UNTIL THEN HOW MUCH IT REALLY AFFECTED THE FAMILIES. AND TO HONOR RETIRED SHERIFFS THAT HAVE PASSED, AS WELL AS SOME OF HIS OWN FAMILY WHO SERVED. ITS AN HONOR FOR ME. MY MY GRANDFATHER WAS IN LAW ENFORCEMENT FOR 50 YEARS, AND MY MY AUNT WAS TOO. SO I MEAN, IT MEANS A LOT TO ME TO BE ABLE TO GIVE BACK IN THIS SMALL WAY. MOZINGO WILL BE HAND DELIVERING OFFICER HERRONS WREATH TO WESTOVER CHURCH THURSDAY MORNING BEFORE THE FUNERAL BEGINS. REPORTING IN GREENSBORO SARAH SOWERS, WXII 12 NEWS. AND WE WILL BRING YOU COVERAGE OF TOMORROWS SERVICE. YOULL FIND IT ON OUR WEBSITE, WX