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Thread: "U.S. government posts $147 billion deficit in May"

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    Default "U.S. government posts $147 billion deficit in May"

    "The U.S. government had a $147 billion budget deficit in May, an increase of 66 percent from the same month last year as the ledger took a hit from declining revenue and higher spending, according to Treasury Department data released on Tuesday."

    "Economists caution that the Trump administration’s corporate and individual tax cuts along with an increase in government spending will drive up the country’s deficit despite a robust economy in which the unemployment rate has fallen to an 18-year low."

    https://www.reuters.com/article/us-u...ource=facebook

    And before some predictable conservative can chime in with the usual Obama "whataboutism," Obama had the deficit down to $438 billion in 2015, while Trump's first year it climbed to $665 billion and is expected to grow to $986 billion by 2020. And Obama was left with two unpaid wars, an unaccounted prescription drug plan, and a Recession of historical proportions, Trump, an economy trending upward

    https://www.usgovernmentspending.com...s2li011mcn_G0f

    So now we got Trump running up deficits in an era of economic advancement, spending like a drunken sailor, and conservatives used to tell us they were so concerned about deficits and debt.

    Guess conservative principles depend on who is occupying the White House

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