someoneyouknow
Literotica Guru
- Joined
- Jun 5, 2006
- Posts
- 28,274
The King of Debt lives up to his moniker as the budget deficit has soared 23% over last year's deficit. The leading culprit is the largest wealth transfer in this country's history combined with the con artist's insistence to spend, spend, spend, deficits and bankruptcy be damned.
Receipts, i.e. revenue, was up less than 3% while his spending was up well over twice that amount.
His own numbers are predicting a $1 trillion deficit this year with no end in sight of any kind of reduction. However, the CBO is predicting only a $896 billion deficit. Regardless, both numbers are far above anything encountered in the Obama administration outside of him inheriting the worst recession in 80 years.
But wait, there's more! Not satisfied with crushing Obama's deficit figures, the con artist is now encouraging Congress to raise the debt limit even further so his rampant spending can continue unabated.
Is there nothing the con artist won't do to show up Obama?
https://abcnews.go.com/Business/wireStory/us-budget-deficit-jumps-23-june-64273365
Receipts, i.e. revenue, was up less than 3% while his spending was up well over twice that amount.
His own numbers are predicting a $1 trillion deficit this year with no end in sight of any kind of reduction. However, the CBO is predicting only a $896 billion deficit. Regardless, both numbers are far above anything encountered in the Obama administration outside of him inheriting the worst recession in 80 years.
But wait, there's more! Not satisfied with crushing Obama's deficit figures, the con artist is now encouraging Congress to raise the debt limit even further so his rampant spending can continue unabated.
Is there nothing the con artist won't do to show up Obama?
https://abcnews.go.com/Business/wireStory/us-budget-deficit-jumps-23-june-64273365