March 18, 2025 11:13 AM UTC
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Members of Colorado’s bipartisan Joint Budget Committee are working hard to finalize $1.2 billion in cuts even as the economic picture for the 
[For more on the Joint Budget Committee’s cuts, Oh, and remember candidate Trump’s promise to “lower inflation on Day One”?
U.S. headline inflation for 2025 was revised upward from the forecast at the end of the Biden era. Now, U.S. inflation is expected to be higher this year than last year. The same is true for “core” inflation (the Federal Reserve’s preferred inflation metric, which strips out volatile energy and food prices). That too is now expected to reaccelerate — that is, it will be higher this year than last (3 percent in 2025, compared with 2.8 percent in 2024).
It’s not just OECD that is predicting economic pain to grow along with Trump’s maddening trade wars:
Last week, Wall Street forecasts collected by the Blue Chip Economic Indicators survey also showed lower growth and higher prices than expected just a few months ago.
“The whirlwind of policy changes, most notably on-again, off-again tariff increases, the associated threat of a global trade war, a potential army of unemployed government employees, and possibly large declines in federal government spending have rocked both consumer and business sentiment and raised the specter of what might be called ‘stagflation-lite,’” the Blue Chip report said. [Pols emphasis]
We’d love to be more optimistic here, since nobody benefits from a bad economy, but it sure seems like things are going to get worse before they get better.
Financial Times newsletter pushed me to an article with additional observations about US economic slowdowns:
I don't think is was ever about the economy for some people (MAGA). All of a sudden talk about financial responsibility, stopping crime, and stopping inflation is gone from their memos. It's now mostly apologia for Trump and his policies, not much beyond that. It's curious that these same people talking about the economy and the price of eggs are now silent about it. Just take a look at any GOP politician or MAGA voter, even the ones here that sometimes poke out their heads from the ground for a brief second to only talk about Trump, Trump and more Trump.
For any readers that lurk here that voted for the economy and thought this man was the answer or for those that didn't even bother to vote, it's a liitle frustrating to me truthfully but it's not too late, you can help out and actually get the nation on the path to progress, including being economically sound, respected and functional. You'll be affected sooner or later, nobody will get exceptions unless you'll a billionaire.