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left-of-center2012

(34,195 posts) Sat Apr 7, 2018, 09:22 PM Apr 2018

Deficit nears $600 billion in first half of 2018

The federal budget deficit hit $598 billion in the first half of the 2018 fiscal year, according to the Congressional Budget Office, quickly outpacing the deficits of recent years.

... the GOP tax reforms ate into individual tax revenue, and slashed corporate tax revenue by $22 billion, or 22 percent.

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Budget-watchers have warned that the combination of the massive, unfunded tax cut the GOP passed last year and a spending deal that busted through preset budget caps would lead the U.S. deficit past $1 trillion by 2019.

http://thehill.com/policy/finance/382033-deficit-nears-600-billion-in-first-half-of-2018

3 replies

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Deficit nears $600 billion in first half of 2018 (Original Post) left-of-center2012 Apr 2018 OP

drumpfonomics is the art of burying yourself in horrendous debt, then filing democratisphere Apr 2018 #1

Mitch and Paul saidsimplesimon Apr 2018 #2

We still have tariffs in the wings, falling stock market freaking near retirees, (how many times notdarkyet Apr 2018 #3

democratisphere

(17,235 posts)

1. drumpfonomics is the art of burying yourself in horrendous debt, then filing

Reply to left-of-center2012 (Original post)

Sat Apr 7, 2018, 09:33 PM

Apr 2018

for bankruptcy.

saidsimplesimon

(7,888 posts)

2. Mitch and Paul

Reply to left-of-center2012 (Original post)

Sat Apr 7, 2018, 09:39 PM

Apr 2018

are going all in to bankrupt US. Shameful

Xi and Vlad will still be standing, dictators for life. Mitch and Paul have sealed their fate as the worst leaders in my lifetime. Of course, none of those mentioned give any thought to anything but money, money, money.

notdarkyet

(2,226 posts)

3. We still have tariffs in the wings, falling stock market freaking near retirees, (how many times

Reply to left-of-center2012 (Original post)

Sat Apr 7, 2018, 09:47 PM

Apr 2018

Have they pulled this one), grifters and Russians selling out and trying to destroy America (Pruit doing the pleasure of the prez and gas and coal comp). We need to get some power to straighten this bs out. Blue tsunami here we come.

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