Trump's First Annual Budget Deficit Will Be the Widest Since 2012
Hey Whell! How the hell do you continue to believe the lies in the face of all the evidence? Show your face, you chicken shit coward!
https://finance.yahoo.com/news/trump...200148590.html
The 2018 deficit was equal to an estimated 3.9 percent of gross domestic product, up from 3.5 percent the prior year. Government revenues were about the same as the prior year while outlays grew about 3 percent, the CBO said.
The budget deficit has continued to climb in recent years, raising concerns the country’s debt load, now exceeding $21.5 trillion, is growing out of control. The Treasury reported Thursday that the government paid $523 billion in interest in fiscal 2018, the highest on record.
A combination of Republican tax cuts, increased federal spending and an aging population are adding to budget strains, though the GOP says tax reform will spur economic growth and lift tax revenue.