- Moderator
- #1
And here is our fiscally "responsible" Republican Party. What happened to the deficit hawks? What happened to all the wailing and gnashing of teeth about the growing debt when Obama was in office?
The Trump administration last month sharply revised upward its deficit estimates, projecting annual deficits will once again top $1 trillion next year.
For the current budget year, which ends Sept. 30, the administration is now projecting a deficit of $890 billion. That would be up 33.7 percent from last year’s deficit of $665.8 billion.
The administration’s July estimates project that the deficit will top $1 trillion in 2019, climbing to $1.1 trillion that year, and remaining above $1 trillion for three years.
US budget deficit totals $76.9 billion in July
The Trump administration last month sharply revised upward its deficit estimates, projecting annual deficits will once again top $1 trillion next year.
For the current budget year, which ends Sept. 30, the administration is now projecting a deficit of $890 billion. That would be up 33.7 percent from last year’s deficit of $665.8 billion.
The administration’s July estimates project that the deficit will top $1 trillion in 2019, climbing to $1.1 trillion that year, and remaining above $1 trillion for three years.
US budget deficit totals $76.9 billion in July