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Dangerous Federal Deficits

Submitted by ub on Tue, 04/10/2018 - 07:26

With all the Trump drama, there is one extremely serious story which has a negative effect on everyone in the US. According to US budget analysts, POTUS tax cuts, spending bill is projected to raise the federal deficit to $804 Billion this year, that is nearly $1T by 2019.

The last 3 GOP presidents left Oval Office with higher deficits than when they were sworn in.

Both Democrat presidents left with lower deficits than when they walked in.

The Congressional Budget Office estimates that Trump is on track for a 2020 deficit to be 50% higher than 2017.

Bill Clinton Clinton got a surplus. Goerge W Bush ran the deficit through the ceiling. Barrack Obama cut the deficit in half. Trump and the GOP are now doubling it again. Amazing how Republicans fool folks thinking they are fiscally responsible.

Federal Budget Deficit Projected to Soar to Over $1 Trillion in 2020 https://nyti.ms/2GLiBho

Budget office projects growing deficits and massive debt during Trump administration http://www.latimes.com/politics/la-na-pol-trump-deficits-20180409-story…

CBO projects deficit will pass $1 trillion two years ahead of estimates https://www.dailykos.com/story/2018/4/9/1755678/-CBO-projects-deficit-w…

http://finance.doseofnews.com/