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Name:
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GoneFishin
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Subject:
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The hypocrisy just doesn't end
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Date:
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5/7/2018 8:38:16 PM
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"Through a combination of spending increases and tax cuts, the White House and the GOP-led Congress have greatly expanded the budget deficit since Trump was elected.
The government spent $3.98 trillion and brought in $3.32 trillion in revenue last year, leaving a deficit of $665 billion, according to the Congressional Budget Office. The deficit this year is projected to widen to $804 billion and then hit $981 billion in 2019. In 2020, the government will record deficits that exceed $1 trillion annually unless changes are made.
With rising interest rates, higher debt levels can prove incredibly costly. Republicans railed about government spending during the Obama administration, but they have been torn since Trump took office, as he has largely shown an indifference to spending restraint.
Last week, as aides prepared the package of spending cuts to offer Congress, Trump was demanding more spending, for example, to build a wall along the Mexico border."
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