Name:   MartiniMan - Subject:   Yes, and you won't like reality Date:   10/17/2018 9:00:26 AM

First of all, we have collected record tax receipts in 2018 so the revenue side of the equation is not the problem and as we always see, tax cuts result in more revenue to the Treasury due to increased economic activity. 

As for the deficit, in the last fiscal year our interest expense was $75B more than FY2017 as a result of higher interest rates and the deficit balance.  The FY2017 deficit was $779B and FY2018 was $833B.  So when you add $75B in additional interest expense to the 2017 deficit it adds up to $854B.  Despite the additional $75B in interest expense the deficit only rose to $833B instead of $854B. So Trump is doing a pretty good job by reducing other Federal spending by $21B to keep the deficit down to $833B.

Havind said that, Trump is partially responsible for the increased interest rates as he has presided over such a great economy that the Fed is getting worried about inflation.  Keep trying Goofy but I suggest you send me a personal email with these kind of posts so I can help you avoid public humiliation......unless you like it.  Economic illiteracy is not something that you should show to the world.