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U.S. government's annual
budget deficit largest since
2012

Original Article

Posted By: deepstatedestroyer, 10/25/2019 5:33:11 PM

WASHINGTON   - The U.S. government ended fiscal year 2019 with the largest budget deficit in seven years as gains in tax receipts were offset by higher spending and growing debt service payments, the Treasury department said on Friday. It is the first time since the early 1980s that the budget gap has widened over four consecutive years. Source removed from dateline.

Comments:

who cares as long as PDJT is destroying the deep state.

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Reply 1 - Posted by: Bur Oak 10/25/2019 6:29:06 PM (No. 217565)
It's the spending. Who controls (should control) spending, Congress.
3 people like this.

Reply 2 - Posted by: preciosodrogas 10/25/2019 7:05:38 PM (No. 217588)
This seems like stating the obvious.There are three ways to handle debt: cut spending, make more money to service the debt, and a combination of the two. President has, for example increased revenue through his tax bill, reduction of EPA regulations and better trade deals. increased revenue. He is also cutting spending. He has been reducing the size of government and getting us out of wars that are not our concern. However, after Clinton, Bush, Obama there are areas that need the funding increases - like the military. There are hot zones all over the world and we must show a determined and strong will to protect our interests. The debt must be and is being serviced. I trust president Trump in the use of both means of servicing the debt.
1 person likes this.

Reply 3 - Posted by: enemyofthestate 10/25/2019 7:24:39 PM (No. 217597)
This deficit is the one most significant criticism I have of the Trump presidency.
5 people like this.

Reply 4 - Posted by: Grounded 10/25/2019 8:55:48 PM (No. 217638)
President Trump is a real estate mogul in real life. Do not expect him to be a deficit hawk. OPM, i.e. borrowing, is the 24th gene pair in real estate developers' DNA.
0 people like this.

Reply 5 - Posted by: ARKfamily 10/26/2019 7:07:46 AM (No. 217884)
We are now seeing the result of the outrageous spending of previous administrations. Usually happens in situations where you've spent like a drunken sailor and then have to assess the damages afterwards. We are now in the "afterwards" phase.
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U.S. government's annual
budget deficit largest since
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Posted by deepstatedestroyer 10/25/2019 5:33:11 PM Post Reply

WASHINGTON   - The U.S. government ended fiscal year 2019 with the largest budget deficit in seven years as gains in tax receipts were offset by higher spending and growing debt service payments, the Treasury department said on Friday. It is the first time since the early 1980s that the budget gap has widened over four consecutive years. Source removed from dateline.

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