“Trump Has Sucker-Punched Farmers. America Will Suffer.”
— Robert Leonard, NYTimes
Source: twitter.com
Farmers, Trump and Republicans don’t care. Trump is spending Thanksgiving at Mar-a-Lago with his family and guests — at the expense of Taxpayers. #ImpeachHimOut #VoteHimOut
Republicans, hope you’re happy with yourselves as families go hungry during Thanksgiving and Christmas — happy with yourselves for doing absolutely nothing to stop or even end Trump’s tariffs — Trump’s trade war.
At this point, they’re Republican tariffs. #VoteThemOut
Moreover, farm debt in 2019 is projected to be a record-high $416 billion, with $257 billion in real estate debt and $159 billion in non-real estate debt. The repayment terms on this debt, according to data from the Kansas City Federal Reserve, reached all-time highs for a variety of categories.
Chapter 12 Bankruptcy by State
Total bankruptcies filed by state vary significantly, from no bankruptcies in some states to more than 20 filings in others, as shown in Figure 2. Bankruptcy filings were
- the highest in Wisconsin at 48 filings
- 37 filings in Georgia, Nebraska and Kansas. Iowa, Kansas, Maryland, Minnesota, Nebraska, New Hampshire, South Dakota, Wisconsin and West Virginia all experienced Chapter 12 bankruptcy filings at or above 10-year highs.
As seen in Figure 3, the increase in farm bankruptcies was the
- highest in Oklahoma at 14,
- Georgia at 12
- California at 11
- Iowa and Kansas at 10 each.
- Oklahoma had the sharpest increase in bankruptcy filings, increasing from two filings last year to 17 during the previous 12 months.
Chapter 12 Bankruptcies by Region
- All regions of the U.S. saw higher bankruptcy rates over the previous 12 months compared to the prior year.
- More than 40% of the farm bankruptcies, 255, were in the 13-state Midwest region.
- Bankruptcies in the Midwest were up 13% compared to prior-year levels and were at the highest level in more than a decade.
- The Southeast had 118 Chapter 12 bankruptcies over the past year, representing an increase of 31% compared to year-ago levels.
#farmers#bankruptcy#bankrupt farmers#trump bankruptcies#trump#donald trump#republicans#republicans complicit#tariffs#trade war#trump tariffs#trump trade war#republican tariffs#trump china trade war#chapter 12#gop#trump joes#economy#trump economy#agriculture#agriculture industry#agriculture ecosystem#livestock
Replying to @WhiteHouse @POTUS and @realDonaldTrump
Looking at jobs and deficits
Reagan: 15M jobs — $79B to $159B Bush: 2M jobs — $153B to $255B Clinton: 23M jobs — $255B to $128B surplus Bush 1.5M jobs — $128B surplus to $1T debt Obama 12M jobs —1.16T to $585B Trump 5M jobs — $585B to $1.1T
Hate for this to go viral #VoteDemocrat
— Zee Matic @ZeeMatic1
Source: twitter.com