Monday, September 17, 2018

Trump Deficits each year between $1 trillion and $2 Trillion!!! Fiscal Conservative Myth Busted!

So, what was really behind the Trump Republican criticism of Obama's deficits? 
Trump’s own Office of Management and Budget agrees with CBO that the deficit will come close to or exceed $1 trillion a year through at least 2022.

This doesn’t include spending for a space force, an infrastructure plan or a wall between the United States and Mexico ... the projected $200 billion a year revenue loss from the new GOP tax bill the House will debate before the election or the additional spending that will be needed because of Hurricane Florence ... doesn’t include the lower revenues and higher spending that will happen if the economy slows below current expectations.

A combination of these things could easily cause the U.S. deficit to approach $2 trillion annually.

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