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PaceAdvantage

10-14-2018 11:38 PM

Did I ever endorse further increasing deficits ala Obama and Bush before him?

"why yes you did when you applauded the tax cut..."

Did I applaud the tax cut? Think I was pretty meh about it, in case you try and throw that at me.

It would be nice to see an end of this trend....if even just a little bit...

elysiantraveller

10-15-2018 11:10 AM

U.S. Budget Deficit Swells to $898 Billion, Topping Forecast

Quote:

The U.S. budget deficit widened to $898 billion in the 11 months through August, exceeding the Congressional Budget Office’s forecast for the first full fiscal year under the Trump presidency.

The budget deficit rose by a third in the October to August period from $674 billion in the same timeframe a year earlier, the Treasury Department said in a statement on Thursday. Spending rose by 7 percent to $3.88 trillion, outpacing revenue gains of 1 percent to $2.99 trillion. Revenue from corporations fell to $163 billion, down by $71 billion from a year ago.

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