Newsnewsrcwrtarmageddonitesonparadeneoconstrumprecession

Tue Sep 10, 2019, 12:28 PM

Federal Deficit Surpasses $1 Trillion: CBO


BY NIV ELIS - 09/09/19 06:17 PM EDT 1,590

The federal deficit surpassed $1 trillion in the first 11 months of fiscal 2019, the Congressional Budget Office (CBO) said Monday.

The deficit presently stands at $1.068 trillion, though it is likely to be reduced in September as quarterly tax payments are paid.

"In its most recent baseline projections, CBO estimated that the 2019 budget deficit would be $960 billion," the CBO noted. That amount would be $181 billion higher than last year's deficit.

The deficit as of Monday was running $168 billion ahead of the deficit in the last fiscal year at this time.

While mandatory spending such as Social Security and Medicare drive the deficit, it has shot up under President Trump's watch following the GOP tax cut bill and a series of bipartisan agreements to raise spending on both defense and domestic priorities.

more...

https://thehill.com/policy/finance/460603-deficit-surpasses-1-trillion-cbo

1 replies, 42 views

Reply to this thread

Back to top Alert abuse

Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Arrow 1 replies Author Time Post
Reply Federal Deficit Surpasses $1 Trillion: CBO (Original post)
RCW2014 Sep 10 OP
quad489 Sep 10 #1

Response to RCW2014 (Original post)

Tue Sep 10, 2019, 01:21 PM

1. Yep, did the same in '08, '09, '10, '11, '12, '14, '16 and no DEM said shit about it......

"Federal Deficit Surpasses $1 Trillion..."

....so their fake concern today is to be LOL at....



....especially since the DEMorons running for 2020 are doing nothing but make promises of more FREE stuff which will only be added to the national debt.

Reply to this post

Back to top Alert abuse Link here Permalink

Newsnewsrcwrtarmageddonitesonparadeneoconstrumprecession