Tuesday, April 10, 2018

Thanks Trump: Deficit to Top $1 Trillion Per Year by 2020

America’s deficit is rising sharply and will surpass $1 trillion per year by 2020, reports The Washington Post.

The federal deficit — the gap between how much the government takes in and how much it spends — will hit $804 billion in fiscal 2018, up 21 percent from 2017, the CBO said.

“The federal budget deficit grows substantially over the next several years,” CBO Budget Director Keith Hall said Wednesday after his agency released the report. “Federal debt is projected to be on a steadily rising trajectory throughout the decade.”

-Robert Wenzel  

1 comment:

  1. If only Clinton had won, she would have slashed spending and paid off the debt!