Annual Budget Deficit Jumps to $779 Billion

[louis c]

A budget deficit is understandable when the unemployment rate is over 11% and the GDP falls to minus 9%. After all, there is far fewer tax dollars coming in and the safety net during these very trying economic times are increasing.

But when a president is touting a 3.7% unemployment rate and a more than 3% GDP growth, that's the time to reduce the budget deficit. This is not a time to cut taxes on the wealthiest of Americans, this is the time to reduce the deficit through increased revenues, with fewer payouts to unemployment and assistance, not because we cut them, but because fewer people need them.

This economy is not improving. If it was, the budget deficit would decrease just as a matter of course.


https://www.marketwatch.com/story/us-budget-deficit-jumps-to-779-billion-2018-10-15

[Wounded Bear]

1. We knew this was coming after the Repub tax cuts...

[Freethinker65]

2. Nothing more tax cuts for the wealthy and cuts to Social Security and Medicare can't fix.

[louis c]

3. Not with a Democratic Congress.

Gravy Train is over then.