GoFuckYourself.com - Adult Webmaster Forum - View Single Post - Trump now responsible for fastest deficit growth in US history

BaldBastard · 03-09-2019, 11:06 AM

Foxnews is even waking up your countries being bankrupted.

https://www.foxbusiness.com/economy/...n-seem-to-care

The federal budget deficit is ballooning on President Donald Trump’s watch and few in Washington seem to care.

Trump’s budget arrives as the latest Treasury Department figures show a 77 percent spike in the deficit over the first four months of the budget year, driving by falling revenues and steady growth in spending.

Trump’s 2017 tax cut bears much of the blame, along with sharp increases in spending for both the Pentagon and domestic agencies and the growing federal retirement costs of the baby boom generation. Promises that the tax cut would stir so much economic growth that it would mostly pay for itself have been proved woefully wrong.

03-09-2019, 11:06 AM
BaldBastard Too lazy to set a custom title Industry Role: Join Date: Jan 2001 Location: Sydney Posts: 16,577	Foxnews is even waking up your countries being bankrupted. https://www.foxbusiness.com/economy/...n-seem-to-care The federal budget deficit is ballooning on President Donald Trump’s watch and few in Washington seem to care. Trump’s budget arrives as the latest Treasury Department figures show a 77 percent spike in the deficit over the first four months of the budget year, driving by falling revenues and steady growth in spending. Trump’s 2017 tax cut bears much of the blame, along with sharp increases in spending for both the Pentagon and domestic agencies and the growing federal retirement costs of the baby boom generation. Promises that the tax cut would stir so much economic growth that it would mostly pay for itself have been proved woefully wrong.