someoneyouknow
Literotica Guru
- Joined
- Jun 5, 2006
- Posts
- 28,274
$779 billion. That is how much new debt the country accumulated in the past fiscal year under the con artist regime. During a "booming" economy, we're running a huge deficit. That would be like losing money running casinos.
The budge deficit hasn't been this large since Obama was trying to pull this country out of George Bush's financial disaster. Then, in an effort to keep things running, Obama used deficit spending and tax cuts (sound familiar?) to jump start the economy.
During that same time, Republicans howled about how large a deficit, and consequently debt, Obama was running up. Now that the con artist is doing worse than Obama during financial times they claim are better, Republicans remain quiet.
However, not all is bad news. Next year's budget deficit is expected to climb over $1 trillion, and keep climbing. All during "good" financial times. Needless to say, when a Democrat takes over the White House, Republicans will once again blame them for the financial mess the country is in.
https://www.cbsnews.com/news/federal-budget-deficit-hits-6-year-high-in-donald-trumps-first-fiscal-year-as-president/
The budge deficit hasn't been this large since Obama was trying to pull this country out of George Bush's financial disaster. Then, in an effort to keep things running, Obama used deficit spending and tax cuts (sound familiar?) to jump start the economy.
During that same time, Republicans howled about how large a deficit, and consequently debt, Obama was running up. Now that the con artist is doing worse than Obama during financial times they claim are better, Republicans remain quiet.
However, not all is bad news. Next year's budget deficit is expected to climb over $1 trillion, and keep climbing. All during "good" financial times. Needless to say, when a Democrat takes over the White House, Republicans will once again blame them for the financial mess the country is in.
https://www.cbsnews.com/news/federal-budget-deficit-hits-6-year-high-in-donald-trumps-first-fiscal-year-as-president/
