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Deficit to hit $897 Billion this year, Debt headed towards highest level since WWII

#52
(This post was last modified: 01-31-2019, 09:13 PM by copycat.)

(01-31-2019, 08:41 PM)jradMITEX Wrote: Read the article guys, deficit is increasing because of increased entitlement and decreased tax revenue caused by the tax cuts, I repeat the tax cuts DECREASED revenue.

“Deficits are rising in part because entitlement spending will increase as the population ages, as will the amount of interest the U.S. must pay on its already sizable debt, according to the nonpartisan office. Revenues from taxes are also down following the 2017 tax overhaul.”
Wow!  Really?  1. Entitlement spending is increasing because I am getting old but not because the government keeps adding non-paying people to the list.  2.  Every true fiscal conservative has been harping on the interest of the debt regardless of party in office.  3. Please show me how revenues are down after the 2017 tax cut.

Edit: What article?
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At some point you just have to let go of what you thought should happen and live in what is happening.
 

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RE: Deficit to hit $897 Billion this year, Debt headed towards highest level since WWII - by copycat - 01-31-2019, 09:12 PM



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