Under Trump, budget deficit projected to reach $1 trillion
Tuesday, January 1, 2019 | Tag Cloud Tags: Barack Obama, Congress, debt, deficit, News, Trump, Washington, Worthy News | Learn about our FREE SYNDICATION Service | Sign up for our Worthy Briefs!
(Worthy News) – President Trump, like his predecessors, has done virtually nothing to stop America’s runaway debt train.
Borrowing, spending and budget deficits have soared during Mr. Trump’s first two years with a Republican-led Congress. The red ink for the current fiscal year is projected to reach nearly $1 trillion, up from a deficit of $833 billion in fiscal 2018.
The smallest federal budget deficit in the past decade was $458 billion, in 2015. Even that relatively good year came on the heels of four consecutive trillion-dollar-plus deficits under President Barack Obama. [ Source: Washington Times (Read More…) ]
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