MAGA: Federal deficit soars 32% to $895B. Glad CIC Bone Spur is on the Job. Obama did better, Btw! © Getty Images The federal deficit hit $895 billion in the first 11 months of fiscal 2018, an increase of $222 billion, or 32 percent, over the same period the previous year, according to the Congressional Budget Office (CBO). The nonpartisan CBO reported that the central drivers of the increasing deficit were the Republican tax law and the bipartisan agreement to increase spending. As a result, revenue only rose 1 percent, failing to keep up with a 7 percent surge in spending, it added. Revenue from individual and payroll taxes was up some $105 billion, or 4 percent, while corporate taxes fell $71 billion, or 30 percent. Earlier analysis from CBO projected that deficits would near $1 trillion in 2019 and surpass that amount the following year.Federal deficit soars 32 percent to $895B Gee The great Douche should've given out 8 Trillion in that BS Tax Scam of 2017 giveaways tax breaks to the 1% never show good returns... Like do they lower their prices? FFS NO! Do they stop ordering china made goods? FFS NO! Maybe giving out 8 Trillion would've done better for the National debt. MAGA: The Art of the Failure! But hey! Some morons got a stupid red hat. BTW.. FYI:...MAGA DOPers! Conservatives plan. Let's just spend more money! Whee! Don't Blame Obama For Doubling The Federal Deficit LOL! Spend more to get us to bankruptcy faster. MAGA BOOBS -Big Orange Orangutan Buffoon Solutions... What a plan!