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Snake Plissken

(4,103 posts)
Tue Sep 8, 2020, 08:08 PM Sep 2020

Trump 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

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Trump has failed at everything, but most of all, his incompetence destroyed our economy (Original Post) Snake Plissken Sep 2020 OP
Republicans will have to Raise TAxes StClone Sep 2020 #1
Alas, when we win back the White House and Senate... TreasonousBastard Sep 2020 #2
I know, as you know THAT StClone Sep 2020 #3
To hell with the economy... 2naSalit Sep 2020 #4

StClone

(11,683 posts)
1. Republicans will have to Raise TAxes
Tue Sep 8, 2020, 08:11 PM
Sep 2020

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)
2. Alas, when we win back the White House and Senate...
Tue Sep 8, 2020, 08:22 PM
Sep 2020

it's us who get stuck with and blamed for raising raising taxes.

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