Guno צְבִי (06-15-2018), Phantasmal (06-15-2018)
"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
Guno צְבִי (06-15-2018), Phantasmal (06-15-2018)
I blame the GOP spending bill.
"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."
How does one preside over an increasing deficit in the middle of a booming economy? That seems to be an accomplishment only Republicans are capable of.
Guno צְבִי (06-15-2018), Timshel (06-15-2018)
MAGA MAN (06-15-2018)
Nevermind countryboy, I found it
https://www.investors.com/politics/e...or-themselves/
countryboy (06-15-2018)
The OP/article states in the first sentence that revenues are down from the same month last year. Here is another source...
https://www.wsj.com/articles/u-s-fed...018-1528826767
The deficit, or the difference between the amount of money the federal government spent and what it took in, totaled $532.24 billion in October through May, the Treasury Department said Tuesday. That was 23% more than the deficit of $432.85 billion during the same period a year earlier.
Tuesday’s report showed the federal budget deficit was $146.80 billion in May, 66% wider than the same month a year earlier. Government revenue fell 10% last month compared with a year earlier, while spending grew 11%.
Leviticus 19:33 And if a stranger sojourn with thee in your land, ye shall not do him wrong. 34 The stranger that sojourneth with you shall be unto you as the homeborn among you, and thou shalt love him as thyself; for ye were strangers in the land of Egypt: I am the LORD your God.
Phantasmal (06-15-2018)
Instead of looking at 1 month lets look at the whole fiscal year for a more honest and complete story.
https://www.fiscal.treasury.gov/fsre...mt/mts0518.pdf
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