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Trump Doubles Deficit
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The Treasury Department has announced that this year, which is Trump's first year in charge of the budget, the deficit will be $995 billion. Last year it was $519 billion.
This is part of what's driving the selloff in stocks this past week. Additional federal borrowing will force interest rates upward. Here's my opinion: There is a limit to how much the federal government can borrow. We just haven't found it yet. But when we do find it, we will have an enormous disaster. We show less advertisements to registered users. Accounts are free; join today! |
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