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.
Which the Tea Party has no objection to at all. Funny, that.