[Chicks]

This week in Trumponomics: The $1 trillion deficit draws near

https://finance.yahoo.com/news/this-...192517423.html

Economic growth has been okay, but it’s slowing down. The job market is strong, but hiring dipped in May. New data, meanwhile, show the national debt soaring by margins more typical of a recession than a boom. This suggests the tax cuts will have a transitory impact on growth while making the nation’s long-term debt problem considerably worse.

While lobbying for the tax cuts, which Trump signed into law at the end of 2017, Republicans argued that a sharp cut in the business tax rate—from 35% to 21%–would boost tax revenue through a surge in investment and booming growth. “The plan will pay for itself,” Treasury Secretary Steven Mnuchin said in 2017 as Republicans were drafting the tax-cut legislation.

That isn’t happening. Through the first 8 months of the government’s fiscal year—which begins in October—the Treasury Department borrowed $739 billion—up from $532 billion during the same period the year before, a 39% increase.

Sorry, Whell, you've been bamboozled. Whell, you still there? Whell!?