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left-of-center2012

(34,195 posts)
Mon Jan 28, 2019, 03:20 PM Jan 2019

Government Report Says U.S. Budget Deficit Set To Hit $897 Billion

Source: Huffington Post

A new government report says that the U.S. budget deficit is set to hit $897 billion this year and predicts that economic growth will slow as the effects of President Donald Trump’s tax cut on business investment begin to drop off.

The Congressional Budget Office Report predicts a $118 billion increase over last year’s $779 billion deficit.

The CBO predicts in a report released Monday that the economy will grow by 2.3 percent this year, a slowdown from 3.1 percent last year.

The report lands in a divided Washington, where neither Trump nor Democrats controlling the House are expected to make curbing the deficit a priority.

Read more: https://www.huffingtonpost.com/entry/government-report-says-us-budget-deficit-set-to-hit-897-billion_us_5c4f2473e4b0e1872d4635fc

18 replies = new reply since forum marked as read
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dawg day

(7,947 posts)
6. I'm sensing a pattern there.
Mon Jan 28, 2019, 03:29 PM
Jan 2019

Problem is, the Dems do herculean work, often cutting social programs, to get the deficit down, and then a GOPer gets in and squanders it.

Look at Bush, who inherited a BALANCED BUDGET, and saw it as a great opportunity to invade Iraq.

Blue_Tires

(55,445 posts)
2. Of course all the deficit hawks will magically reappear when
Mon Jan 28, 2019, 03:22 PM
Jan 2019

Dems re-take the White House...

Stories like this (and their complete lack of outrage) need to be bookmarked for later.

UpInArms

(51,284 posts)
3. Agreed
Mon Jan 28, 2019, 03:24 PM
Jan 2019

I am sick of these peeps ... doing the same shit and then blaming everyone else for their own profligacy

dawg day

(7,947 posts)
4. Oh, come on, the GOP doesn't care about deficits anymore.
Mon Jan 28, 2019, 03:27 PM
Jan 2019

I have been amazed at how seldom we hear that word anymore.

Achilleaze

(15,543 posts)
9. Freaking republicans LIE every time they claim to be "conservatives"
Mon Jan 28, 2019, 03:33 PM
Jan 2019

they are radical greedheads, now compromised by getting into bed with the freaking russians who are making war on the USA. Republicans have betrayed the USA in every way imaginable.

JohnnyRingo

(18,638 posts)
10. Somebody alert the Tea Party!
Mon Jan 28, 2019, 04:12 PM
Jan 2019

Better yet, just fwd your uncle's cranky emails from 2009 back to him. After all, he's still "taxed enough already".

Doremus

(7,261 posts)
11. Time for another round of tax cuts to trillionaires!
Mon Jan 28, 2019, 04:28 PM
Jan 2019

Do the ptb think we are that stupid as to not remember the trillion dollar tax cut they just bestowed to the oligarchy?

NotHardly

(1,062 posts)
12. Rule... what ever breaks it has to fix it
Mon Jan 28, 2019, 04:48 PM
Jan 2019

If that were the rule, the tax cuts would have to be rescinded to fix it, the tariffs (which means the economic policymaker & crew), and right on down the line to include the military budget pared back to less than 45% of our total budget.

oldlibdem

(330 posts)
13. Deficits only matter when the Democrats are in charge!
Mon Jan 28, 2019, 04:57 PM
Jan 2019

When the repugs have all three branchs they spend like drunken sailors with not one word said about the defict.

Bengus81

(6,932 posts)
17. Those phony ass tax cuts targeted for Corporations and the top 1% never "spurred" anything.......
Mon Jan 28, 2019, 08:00 PM
Jan 2019

No growth,no real hiring no nothing. Maybe a new 25M Biz jet here and there but NOTHING in the way or real growth. As usual the meat of tax cuts are given to those who don't need them,everyone else gets $1.50 a week and it does NOTHING. The Stock market rise was smoke and mirrors BS--down another 208 points today.

Remember the Dems on the Bush.IDIOT tax cut?? It would either get you a new Lexus or a muffler depending on your situation.

duforsure

(11,885 posts)
18. Remember Wimpy's promise
Tue Jan 29, 2019, 07:19 AM
Jan 2019

He'd balance the budget? lol. Its opposite of his claim again, and wants to drive us into deeper debt to crash the economy.

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