Trump Republicans Ridiculed As Federal Deficit 3.7 Trillion Spending Hit Record Highs
The massive 27 percent deficit increase from last year is only expected to worsen as Trump’s $1.5 trillion tax plan from a year-and-a-half ago fails to “pay for itself” as the White House previously claimed. Congress also passed another over-budget spending bill earlier this month. The Treasury Department report predicted on Monday a $1 trillion deficit in two months at the end of the fiscal year and analysts noted it’s the most money the federal government has spent in the first 10 months of a fiscal year since 2009 efforts to pull out of the Great Recession....