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Thread: The Deficit
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Old 09-11-2018, 04:36 PM   #149
elysiantraveller
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Quote:
Originally Posted by Saratoga_Mike View Post
The federal deficit hit $895 billion in the first 11 months of fiscal 2018, an increase of $222 billion, or 32 percent, over the same period the previous year, according to the Congressional Budget Office (CBO).

http://thehill.com/policy/finance/40...ercent-to-895b

Hmm, in just 11 months, the deficit has increased by over $220 billion, or a little over 1% of nominal GDP. Interestingly enough, GDP growth has picked up by around 1 percentage point.

Under Obama, a much more modest increase would have caused apoplexy* among the current crowd of Trump supporters. Now? Silence. Better yet, this post might elicit a moveon.org reference. Laughable.


*One of Obama's greatest achievements was unintended -- sequestration. It actually controlled spending, much to his chagrin.
Dude where have you been?!?!?

Tax Cut 2.0 is on deck!

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