WASHINGTON - The U.S. economy will grow at a “solid” rate of 2.2% this year, the non-partisan Congressional Budget Office forecast on Tuesday, but the federal budget deficit will hit $1.02 trillion.
Economic growth will slow to an average annual rate of 1.7% from 2021 to 2030, CBO predicted, while inflation and interest rate increases will slow in 2023. It hasn’t topped $1 trillion since 2012 and fell to $585 billion at the end of President Barack Obama’s second term in 2016.
How is it a strong economy if they're going majorly into more debt
Making America Broke Again
Try 23.1 TRILLION National U.S. Debt Your Budget Deficit is WAY OFF
Ok boomers gonna go out in style.
Taxe cuts pay for themselves they said... the growth will be record breaking they said... we told y’all ass the black people said
US economy-Not strong economy but apparently looking strong economy.
Well......when the wealthiest don't pay taxes....what do you think is going to happen? You cant expect to poor and middle class to make up for what the rich are hauling in without paying their fair share. Now they can use that as excuse to cut ssi that we have ALL paid into.
The economy is strong because of that deficit.
Doom, and not the movie or video game.
What’s that you say? Massively in debt you say? All is fine you say? Naturally
Strong economies don't have the largest deficit in US history.
So, not a strong economy then.
Thank God the fiscally responsible Republicans got in to reduce this like we were promised.
While you all are watching the impeachment, dissing this Senator or that one, or deciding on which fraudulent money soaked platform to vote for: Note: We are broke!
Economy? The economy is stronger because of the deficit. Spend now, pay later. Do you have any economists available?
$3.3 trillion in 3 years. It has not been that high since the Great Recession! I am scared because this is when the economic is seen as great! What will happen when the economy hits a bump. So scared! Trump was supposed to fix this not make it worse.
Thanks Barrack Hussein
Incredible.
it is not a strong economy.
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