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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsTrump has failed at everything, but most of all, his incompetence destroyed our economy
Trump has failed at everything, but most of all, his incompetence destroying our economy
The federal budget deficit hit an unprecedented $3 trillion in August, with another month to go before the end of the fiscal year, according to estimates from the Congressional Budget Office (CBO).
That figure amounts to $1.9 trillion more than the same period last year, and more than double the largest year-long deficit on record, the CBO noted on Tuesday.
CBO has estimated that the deficit for the full fiscal year ending this month will amount to $3.3 trillion, continuing to add to the nation's growing debt.
By next year, the debt will exceed 100 percent of GDP for the first time since World War II, and will break its all-time record in the years after.
U.S. Debt Is Set to Exceed Size of the Economy Next Year, a First Since World War II
https://www.wsj.com/articles/u-s-debt-is-set-to-exceed-size-of-the-economy-for-year-a-first-since-world-war-ii-11599051137
https://thehill.com/policy/finance/515582-us-budget-deficit-hits-record-3-trillion-cbo
StClone
(11,683 posts)But they won't. They would rather we all have bad roads, bad schools, and big tax breaks for the toxic rich.
TreasonousBastard
(43,049 posts)it's us who get stuck with and blamed for raising raising taxes.
StClone
(11,683 posts)Is the sick game Cons play. No responsible Gov. Just power games.
2naSalit
(86,534 posts)He's killed over 190K Americans and those are just the ones that get counted.