Quote:
Originally Posted by Saratoga_Mike
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. |
Who cares about the deficit? All that matters is that
TRUMP WON!...and whatever else happens in the next 6 years is just icing on the cake!
Why didn't the Obama supporters here think of such a slogan after the Bush presidency?
"That's okay...at least there is no more GWB", should have been the rallying cry of the democrats here...whenever Obama got blasted by our conservative brethren.
