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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsTrump Would Create Permanent Trillion Dollar Deficits
October 22, 2017 at 9:23 am EDT By Taegan Goddard
Stan Collender: The U.S. Treasury Department reported last Friday that the federal budget deficit for the just-completed fiscal year had risen by $80 billion over fiscal 2016 to the ominous-sounding $666 billion, a number many people think is an omen for the coming of the devil or anti-Christ.
In this case they may be right: The spending and taxing policies about to be put in place by the Trump administration and the Republican-controlled Congress will balloon the federal deficit to $1 trillion or more every year going forward.
And unlike the four consecutive $1 trillion deficits recorded during the first years of the Obama administration, these trillion dollar annual deficits will be the result of enacted changes in federal spending and taxing rather than on a temporary economic downturn.
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https://politicalwire.com/2017/10/22/trump-create-permanent-trillion-dollar-deficits/
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Trump Would Create Permanent Trillion Dollar Deficits (Original Post)
DonViejo
Oct 2017
OP
MattP
(3,304 posts)1. A trillion a year is a low ball figure
Irish_Dem
(47,883 posts)2. He has always run his business this way, huge debt, highly leveraged.
He lives in luxury on someone else's dime.
Docreed2003
(16,900 posts)3. Hes bankrupted everything else hes touched
Why wouldnt the US govt and economy be the same??
Iliyah
(25,111 posts)4. Well many voters from the Republican Party crossed over to vote for Pres O
in 2008 because the economy sucked for them. Pres O slowly brought the economy back, and then in 2016 the Republican voter backed t-rump and now the economy is starting to falter.
Ya think Republican voters would learn from the past and history. Well obviously they don't, look at t-rump.