So, Dotard and his crew are claiming ‘best economy ever’, BUT at the same time the are running up the highest debt/deficit EVER.
What happens when things eventually slow down, cuz it ALWAYS does?
If the deficit is this YUUUUGE when things are good, it’s going off the chart at the next downturn.
This should surprised NO ONE, though, cuz look at what the Pubs always do to the economy. Spend like drunken sailors, on the world’s most bloated military for one example, then leave the next administration to pick up the pieces.
If the deficit is this YUUUUGE when things are good, it’s going off the chart at the next downturn.
This should surprised NO ONE, though, cuz look at what the Pubs always do to the economy. Spend like drunken sailors, on the world’s most bloated military for one example, then leave the next administration to pick up the pieces.
BUDGET DEFICIT JUMPS 23 PERCENT THROUGH JUNE. WASHINGTON » The U.S. budget deficit increased by $140 billion during the first nine months of this budget year to $747.1 billion as government revenues and spending both hit records.
The Treasury Department reported Thursday that the deficit for the fiscal year through June was up 23.1 percent over the same period a year ago. Receipts rose by 2.7 percent, and spending increased 6.6 percent.
The Trump administration is forecasting that the deficit for the full budget year, which ends Sept. 30, will top $1 trillion — up from a deficit of $779 billion last year.
The Congressional Budget Office is not quite so pessimistic for this year, forecasting a deficit of $896 billion this year. But the CBO projects that deficits will top $1 trillion beginning in 2022 and will remain above $1 trillion annually through 2029.
And, Dotard is REALLY smart, and a great environmentalist. Just ask him...
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