Mikeoxenormous
Diamond Member
MAGA: Federal deficit soars 32% to $895B. Glad CIC Bone Spur is on the Job. Obama did better, Btw!
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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!
The bush boy did what his dad and reagan did too. Left with historic levels of deficit. The bush boy left 1.4 trillion in deficit. Keep in mind Clinton handed the bush boy a balanced budge with zero deficit and billions in surplus.
By the time Obama left office he has slashed the the bush boy's deficit down to 400 and something billion.
In just a year and a half trump has nearly doubled the deficit. I think that's a new republican record. trump was handed a good economy with lower deficit. There's no reason for trump to be running up that deficit and debt in a good economy. Those who are responsible use good economies to pay down the deficit and debt. But then democrats do that. Republicans don't.
He also said he didn't have sexual relations with that woman, and you believed him.....Bwaaaahhhhaaaahhhhhhaaa..
The Myth of the Clinton Surplus
He before Obama had FORCED upon the US the largest TAX INCREASE in history, increasing also the TAX on Social Security, thus taking more from the elderly...That was why in 1994 the house for the first time in 40 years went to the republicans and the contract with America that made Bill look like genius until he got caught with his pants down and a Cuban in a interns vagina..The Myth of the Clinton Surplus