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Budget Office: US deficit will reach $1 trillion next year

Discussion in 'U.S. Politics' started by Walter, Aug 22, 2019.

  1. Walter

    Walter Administrator Staff Member

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    In 2019 the deficit is $960 billion. It would be even higher if not for lower-than-expected interest rates. The reasons are tax cuts, so I think combining tax cuts with increased spending (e.g. military) doesn't make much sense.

    Seems the fiscal responsibility, the Republicans asked for under Obamas, is no topic now.

    BTW, this reminds me of Trumps first budget (discussed here).
     
  2. dogtowner

    dogtowner Moderator Staff Member

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    No topic ?
    Dont know about that but clearly Congress has no appetite for it.
     
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