The current shortfall exceeds the full-year deficit for fiscal 2018, which was $779 billion.President Donald Trump, who promised during the 2016 campaign to eliminate the federal debt, has instead overseen a dramatic increase in deficits. The White House's Office of Management and Budget has predicted that the deficit will exceed $1 trillion for the entire fiscal year, which ends on September 30.
Read MoreThere are a number of factors driving the US deficit increase, including the $1.5 trillion tax cuts signed into law by Trump in 2017 along with a massive spending package passed by Congress. Tax revenue rose 3% to $2.86 trillion since the start of the fiscal year on October 1, but hasn't kept up with increased federal spending, which increased 8%.
Trump is no different from any previous president.He claims any positive indicators in economy are due to his wonderful policies while blaming all negative economic indicators on something the opposition must have done. Trump has to think before he acts.
Donald said the economy was great..who to believe?🤣
That is nothing compared to what OBAMA did. OBAMA rose the deficit more than all the U.S. presidents combined. Stop twisting the truth with your lies. FAKE NEWS
Insane
Imagine how freaking bad it would be under a democrat.... Whew, were lucky !!!
winning
Don't worry guys, Trump is eliminating the entire debt in 8 years. 🤣
Blame China..
Those taxes he created for his friends are catching up. He thinks he can recover thru immigrants’ on welfare or public housing. Wrong.
Why? because TaxCutForTheRich
Trump must be held accountable for rising budget deficits and people are ready to hear his answer.
Nobody cares...smdh
You know how we can cut over a 100 billion a year? I'll let you guess...
GOPTaxScam
A financial genius at the helm?
Gotta love those conservatives!
Does America (as a collective) care anymore? 4 more years of Trump could bankrupt this country.
this can all be fixed by ensuring free health care, free college, free debt forgiveness, decriminalization of illigal immigration, 15$/hr minimum wage, free abortions, ect., somehow.
ALL TRUMPS LAVISH SPENDING, TRIPS, TAX BREAKS FOR WEALTHIEST AMERICANS
Acosta What happened to Trump going to BALANCE THE BUDGET ? ANOTHER LIE OR PROMISE NOT KEPT
Acosta Mushrooming the deficit is simply inexcusable.
Still not near the 10 Trillion Obama incurred over 2 terms.
Who's responsible for this
gop conservatism at work.
I will vote for any candidate,R or D, who makes it their sole mission to cut the deficit.
stuartpstevens Where’s the “Tea Party”? Oh.....I guess deficits only mattered when Obama was in office....🙄
Just think. it’s the same GOP That told, and convinced the Poor. “They didn’t need Affordable Healthcare”
When your GOP you don't worry about simple things as trivial as money.... Trump should change that too. Conservative party is misleading! 🤣
NewsRadio930 Not long ago, the right wing propaganda industry promoted the 'Tea Party': self-proclaimed 'patriots' [sic] who dressed up in 18th century cosplay and carried misspelled signs expressing concern for the deficit, the debt, and the color of the President's skin.
Let’s give the wealthy some more taxpayer money, and maybe we can hit 57%. Yeah! Who would have thought not taking in revenue would lead to a deficit! 🤪
Acosta Typical GOP regime
GET RID OF THE CANCER TRAITOR TRUMP AND WE CAN FIX THIS!!!
Acosta Shocker...said NO ONE!
This happens when a grifter president elected by white trash rednecks wins.
Yay! More deficits from the “conservative” led government. 🤣🤣🤣 LiedTo SwapIsFull
Acosta GOP outrage will begin at noon on January 20, 2021
Acosta Past the 'winning' again
I remember when Obama was the president. Republicans hated him. Now that Trump is president. They always reference obama.They say after Trump does something. Obama , would have done the samething. YOU HATED OBAMA AND CUSSED HIM every day . Now look at your deficit. You like it
How stupid can we be to trust a man who has filed several bankruptcies.
I’d love to see if someone can pull up if CNN tweeted all the times the budget increased in the 8 years Obama was in office...
Trump is as spendthrift as a bi-polar
Remember the tea party (now the MAGA party)? And how they were allegedly concerned about the debt/deficit? Hahahahahaha, no they weren't.
Are we winning?
I guess the HUGE tax break Individual 1 says will pay for it self isn’t.
This is the first time since Obama was sworn in in 08 that CNN was concerned about it
Thank you, President Trump and the Republicans.
ICYMI:
Ummm. “He’s a business man,” they said “that’s why I voted for him,” they said...
Let's see ... more spending, slash taxes for the billionaires and giant corporations - who could have possibly predicted that would increase the deficit?
What could go wrong when you have a person who can bankrupt a casino is running the country. Remember, the house is always supposed to win 😂
Best. Business. Man. Ever.
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