Trump's trillion-dollar-plus deficits are putting America on a path to fiscal ruin
Though no one in Washington will admit it, our nation's finances are in deep trouble. Spending is up, revenues are down, and this will only get worse.
Stan Collender, Opinion contributor Published 6:00 a.m. ET Aug. 20, 2018
It became very clear this month that neither the Trump White House nor its allies on Capitol Hill want you to know that the federal budget is already in very bad shape ... and getting worse.
It happened when the U.S. Treasury, the official keeper of Washington’s financial results, issued its monthly statement for the first 10 months of fiscal 2018 about federal revenues and spending and, therefore, the budget deficit.
Treasury showed what no president ever wants to admit: the deficit is spiking. The federal government’s red ink this year is already 21 percent above what it was in 2017 and there are few prospects that the bottom line will improve anytime soon.
Except with infrequent and unsubstantiated platitudes about how the situation is going to get better, the Trump White House and Republicans in Congress have been doing everything possible not to talk about the budget this year. To avoid tough questions and politically embarrassing votes, the House and Senate have even refused to consider a budget even though they are required by law to adopt one.
But this year isn’t the real issue.
Trump's deficits are permanent
https://www.usatoday.com/story/opinion/2018/08/20/donald-trump-trillion-dollar-plus-deficits-fiscal-ruin-column/986236002/
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