July budget defict soaring

[someoneyouknow]

The CBO predicted, when everything is counted, the July budget deficit will have expanded by an additional $120 billion, bringing the budget year's total to $867 billion. With two months remaining in the fiscal year, the con artist is on track for a $1 trillion budget deficit at a time when the economy is expanding compared to contracting, such as occurred during the initial years of the Obama administration.

Receipts did increase by $249 billion, but the massive tax cuts and even more massive spending increases by the con artist have swamped any potential gains.

One has to give the con artist credit where credit is due. He said he'd run the government like he runs his companies, and he's holding to that promise. Next up, bankruptcy.

https://www.marketwatch.com/story/us-july-budget-deficit-widens-to-120-billion-cbo-estimates-2019-08-07?mod=mw_latestnews

 

[KeithD]

Interesting that this is happening even as the Trump leaves most government programs dormant and positions unfilled. I'm sure the Trumpettes are giving this a lot of thought (yeah, right).

 

[BotanyBoy]

ohh look more “orange man bad” .

It’s ok in 2024 you’ll both TOTALLY ignore it again just like you did for Obama.

 

[someoneyouknow]

UPDATE

July budget deficit crushes estimate. Instead of a meager $120 billion deficit, reality smacked hard with a $183 budget deficit, over 50% more than predicted. The July budget deficit is 27% higher than last year's deficit.

https://abcnews.go.com/Business/wireStory/us-budget-deficit-grows-27-july-64929418

The accompanying graphic shows the budget deficit steadily declining during the Obama administration as the effects of the Bush recession wore, until the con artist assumed the office where the deficit took off like a rocket.

But, but . . . excuses.

https://www.cnn.com/2019/08/12/politics/federal-budget-deficit-rises-july/index.html

 

[icanhelp1]

UPDATE

July budget deficit crushes estimate. Instead of a meager $120 billion deficit, reality smacked hard with a $183 budget deficit, over 50% more than predicted. The July budget deficit is 27% higher than last year's deficit.

https://abcnews.go.com/Business/wireStory/us-budget-deficit-grows-27-july-64929418

The accompanying graphic shows the budget deficit steadily declining during the Obama administration as the effects of the Bush recession wore, until the con artist assumed the office where the deficit took off like a rocket.

But, but . . . excuses.

https://www.cnn.com/2019/08/12/politics/federal-budget-deficit-rises-july/index.html

OH MY GOD!! The left being fiscally responsible LMFAO

 

[bodysong]

$183 billion budget deficit for July ?

How much of that is interest owed, for the money that was borrowed
by Trumpypants, to cover the money that is missing, because of the
tax cut, that Trump gave to his wealthy campaign donors and business
"associates' ?