Business, government, Politics

reason-Federal Deficit Hit $984 Billion Last Year—a Nearly 50 Percent Increase Since Trump Took Office

reason-Federal Deficit Hit $984 Billion Last Year—a Nearly 50 Percent Increase Since Trump Took Office

Date: 10/28/2019Author: The Confirmation Files

In three years in office, Trump has added more to the national debt than President George W. Bush did in his entire two terms.

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(Sipa USA/Newscom)

So what about this small government thing from conservatives!

During the 2016 campaign, President Donald Trump said he’d be able to wipe out the national debt in eight years. Instead, after three years in office, he’s overseen a nearly 50 percent increase in the gap between how much the government takes in and how much it spends.

The Treasury Department announced Friday that the official federal deficit for fiscal year 2019, which ended in September, was $984 billion—in line with what the Congressional Budget Office (CBO) estimated last month. The announcement serves as official confirmation that the federal government’s mountain of red ink has grown dramatically during Trump’s first three years in the White House. It is now approaching levels not seen since the early Obama years.(Eric Boehm)

Posted by The non-Conformist

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