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Federal deficit jumps 20 percent after tax cuts, spending bill
The CBO projects that the deficit will reach $793 billion by the end of
the year and approach $1 trillion next year. White House estimates have the deficit surpassing $1 trillion in 2019. Budget watchers have warned that interest payments €” the amount the Treasury has to pay just to service the debt €” are slated to become the fastest-growing annual expenditure. The CBO projects that in 30 years, the government will spend more on servicing debt than on Social Security or defense. http://thehill.com/policy/finance/40...-spending-bill -- Bod |
#2
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Federal deficit jumps 20 percent after tax cuts, spending bill
On Thursday, August 9, 2018 at 3:41:38 AM UTC-5, Bod wrote:
The CBO projects that the deficit will reach $793 billion by the end of the year and approach $1 trillion next year. White House estimates have the deficit surpassing $1 trillion in 2019. Budget watchers have warned that interest payments €” the amount the Treasury has to pay just to service the debt €” are slated to become the fastest-growing annual expenditure. The CBO projects that in 30 years, the government will spend more on servicing debt than on Social Security or defense. http://thehill.com/policy/finance/40...-spending-bill -- Bod And this is affecting YOU how? Has it cost you any money? Have your rights been violated? Has your property been taken from you? Has your income been affected? Have you been made homeless? What if any effect has this had on you? o_O [8~{} Uncle Curious Monster |
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