U.S. budget deficit is likely to top $1 trillion despite a strong economy

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Budget deficit to break $1 trillion despite a strong economy

An annual congressional report says the U.S. budget deficit is likely to burst through the symbolic $1-trillion barrier this year despite a healthy economy.

The annual CBO update of the government’s economic and fiscal health estimates a $1-trillion deficit for this fiscal year, which would bring the red ink above $1 trillion for the first time since 2012, when President Obama capped four consecutive years of $1 trillion-plus budget deficits.

Source: News Formal (newsformal.com)

 

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How many California Dems have proposed or supported spending cuts?

Just wait... Trump plans on cutting Social Security and Medicare to fix it.

the 1.7 trillion trump/GOP tax/con of 2017 caused the debt to grow. and they knew it would before they passed it !

Who would've thought putting all your expenses on your credit card and not paying it off would blow up? Everyone but Trump.

tonetalks UM, ignoring the problem won’t make it go away. 😳 “The administration’s budget is being released next month but is likely to be largely ignored, especially as election-year politics take over.”

Where are all the fascist clowns wearing tricorner hats with tea bags dangling from them?

Subsidized Rich Folk Tax Breaks to be paid by average American suffering

The GOP is lying when they claim to be the party of fiscal responsibility. The greedy old GOP Orcs are robbing the poor to give to the rich, and stealing the future from our children.

MAGA!

No. Strong economy boosted largely by massive deficit. Fixed it for you.

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