Off-Topic: Out Of Control
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Name:
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GoneFishin
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Subject:
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Out Of Control
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Date:
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2/12/2019 8:02:37 PM
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I was looking forward to a REDUCTION rather than an INCREASE….Why a budget with a deficit? Tax reduction was to increase revenue.
President Trump is proposing a $4 trillion-plus budget that projects a $1 trillion or so federal deficit. AP's Economic Reporter Josh Boak says the plan is like a 'Christmas list, a wish list' that amounts amounts to a 'massive bet'. (Feb. 12) AP
WASHINGTON – The national debt surpassed $22 trillion for the first time on Tuesday, a milestone that experts warned is further proof the country is on an unsustainable financial path that could jeopardize the economic security of every American. The Treasury Department reported the debt hit $22.012 trillion, a jump of more than $30 billion in just this month. The national debt has been rising at a faster rate following the passage of President Donald Trump’s $1.5 trillion tax-cut package a little more than a year ago and as the result of congressional efforts to increase spending on domestic and military programs. The nation has added more than $1 trillion in debt in the last 11 months alone.
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