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Re: Federal deficit soars 32 percent to $895B

By: zzstar in FFFT3 | Recommend this post (0)
Wed, 12 Sep 18 6:32 PM | 87 view(s)
Boardmark this board | Food For Further Thought 3 		Msg. 45652 of 65535
(This msg. is a reply to 45651 by clo)
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Let's see when the sheep will wake up.

Where's the Freedom Fkng ...Caucus?

Will the sheep vote them out?

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The above is a reply to the following message:
Federal deficit soars 32 percent to $895B
By: clo in FFFT3
Wed, 12 Sep 18 4:55 PM 		Msg. 45651 of 65535

Federal deficit soars 32 percent to $895B
BY NIV ELIS - 09/11/18 10:37 AM EDT

The federal deficit hit $895 billion in the first 11 months of fiscal 2018, an increase of $222 billion, or 32 percent, over the same period the previous year, according to the Congressional Budget Office (CBO).

The nonpartisan CBO reported that the central drivers of the increasing deficit were the Republican tax law and the bipartisan agreement to increase spending. As a result, revenue only rose 1 percent, failing to keep up with a 7 percent surge in spending, it added.

more:
http://thehill.com/policy/finance/406040-federal-deficit-soars-32-percent-to-895b

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