Under Trump, budget deficit projected to reach $1 trillion

Tuesday, January 1, 2019 | Tag Cloud Tags: , , , , , , ,

breaking us news debt
Federal Reserve Chairman Janet Yellen, referencing the Congressional Budget Office's long-term budget projections, told the Joint Economic Committee of Congress today that under current policies the federal government’s deficits “will rise to unsustainable levels.”

(Worthy News) - President Trump, like his predecessors, has done virtually nothing to stop America’s runaway debt train.

Borrowing, spending and budget deficits have soared during Mr. Trump’s first two years with a Republican-led Congress. The red ink for the current fiscal year is projected to reach nearly $1 trillion, up from a deficit of $833 billion in fiscal 2018.

The smallest federal budget deficit in the past decade was $458 billion, in 2015. Even that relatively good year came on the heels of four consecutive trillion-dollar-plus deficits under President Barack Obama. [ Source: Washington Times (Read More...) ]

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1 thought on “Under Trump, budget deficit projected to reach $1 trillion”

  1. "President Trump, like his predecessors, has done virtually nothing to stop America’s runaway debt train," yet evangelicals will continue to cheer Trump's train on until it wrecks us all.

    Then they all will look for someone else to blame.

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