The U.S. deficit hit $984 billion in 2019, soaring during Trump era
Source: Washington Post
The U.S. government’s budget deficit ballooned to nearly $1 trillion in 2019, a $205 billion increase from a year earlier, as America’s fiscal imbalance widened for a fourth consecutive year despite a sustained run of economic growth.
The country’s worsening fiscal picture runs in sharp contrast to President Trump’s 2016 promise to eliminate the federal debt within eight years. Since taking office, Trump has endorsed big spending increases and steered most Republicans to abandon the deficit obsession they held during the Obama administration. In 2011, the GOP-controlled House of Representatives pushed to pass a constitutional amendment that would require balanced budgets. And the Obama administration created a deficit commission looking for ways to slow the growth of government debt. But those efforts have all fallen away, and now budget experts believe the country will see $1 trillion annual deficits far into the future.
The gap between spending and revenue, referred to as the deficit, grew to $984 billion in the fiscal year that ended Sept. 30, the highest dollar amount since 2012, according to the Treasury Department. The government spent $4.4 trillion on numerous programs and services and brought in $3.5 trillion through taxes and other revenue.
It is unusual for the government to run such a large budget deficit during a period of economic growth because spending on unemployment and other benefits tend to contract and tax revenue often grows. But the White House and Congress have contributed to the deficit’s surge by enacting large spending increases and passing the 2017 tax cut law. The budget deficit was $665 billion in 2017.
Read more: https://www.washingtonpost.com/business/2019/10/25/us-deficit-hit-billion-marking-nearly-percent-increase-during-trump-era/
The GOP magically threw away every stance and principle they had Because. Obama.
This is a clear cut example of how they operate - "borrow and spend" while they yell and scream to the media that Democrats do nothing but "tax and spend" (and the media laps it up while doing a milquetoast critique of this "borrow and spend" thing - very much brainwashed to do that since Raygun).
By LOUIS NELSON
06/22/2016 08:09 AM EDT
Donald Trump, the presumptive Republican nominee for president and self-described “king of debt,” offered a glimpse into his deal-making playbook Wednesday morning as he defended himself from Hillary Clinton's attacks.
“I’m the king of debt. I’m great with debt. Nobody knows debt better than me,” Trump told Norah O’Donnell in an interview that aired on “CBS This Morning.” “I’ve made a fortune by using debt, and if things don’t work out I renegotiate the debt. I mean, that’s a smart thing, not a stupid thing.”
“How do you renegotiate the debt?” O’Donnell followed up.
“You go back and you say, hey guess what, the economy crashed,” Trump replied. “I’m going to give you back half.”
https://www.politico.com/story/2016/06/trump-king-of-debt-224642
Eventually the people who have the least end up getting cut the most in order to rectify this deficit and debt problem.
= new reply since forum marked as read
outright stole/transferred/siphoned/whatever from the Treasury and mark my words, folks will have the nerve to act shocked 
