re: #180 Joe Bacon 🌹

LETS HEAR IT FOR THE RED INK BORROW AND SPEND REPUBLICANS!!!!!

The U.S. government’s budget deficit is projected to reach $1.02 trillion in 2020, according to a report released Tuesday by the nonpartisan Congressional Budget Office, as the federal government continues to spend much more than it collects in tax revenue.
A combination of the 2017 tax cuts and a surge in new spending has pushed the deficit wider.

This year would mark the first time since 2012 that the deficit breached $1 trillion, a threshold that has alarmed some budget experts because deficits typically contract — not expand — during periods of sustained economic growth.

washingtonpost.com

It’s funny, I remember 2012, and I don’t remember Repub responses to trillion dollar deficits being “That’s cool.”