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Re: Federal deficit soars 32 percent to $895B

By: Cactus Flower in ALEA | Recommend this post (0)
Thu, 13 Sep 18 2:55 AM | 74 view(s)
Boardmark this board | The Trust Matrix 		Msg. 26755 of 54959
(This msg. is a reply to 26751 by clo)
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As predicted.

The growth Paul Ryan anticipated didn't occur. So the US winds up with a larger deficit.

The folks who pretend they are debt hawks when the Dems are in charge are utterly cavalier about finances when they are.

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The above is a reply to the following message:
Federal deficit soars 32 percent to $895B
By: clo in ALEA
Wed, 12 Sep 18 4:54 PM 		Msg. 26751 of 54959

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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