Re: Trump and GOP Continue Record $24 US Debt- What Happened?
Posted by:
Largest Debt in US history
()
Date: November 12, 2019 11:28AM
The U.S. government's public debt is now more than $22 trillion — the highest it has ever been. The Treasury Department data comes as tax revenue has fallen and federal spending continues to rise.
Re: Trump and GOP Continue Record $24 US Debt- What Happened?
Posted by:
Gerry/GGP
()
Date: November 12, 2019 11:45AM
Gerrymanderer2 Wrote:
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> No problem taking the BBC all the way up my faggot ass.
Attachments:
Re: Trump and GOP Continue Record $24 US Debt- What Happened?
Posted by:
best economy since Clinton
()
Date: November 12, 2019 12:27PM
As always when dems control the House, massive government omnibus bills that increase spending by 7% every year drive up the deficit. It. Happens. Every. Time.
Meanwhile, federal income tax revenue was up for FY19 by $110 billion over FY18.
Trump went crazy with defense spending his first two years. Some of that was to rebuild what Obama left in shambles, but some was shiny new stuff. Increased military spending accounted for almost $250 billion for FY18 and 19.
Re: Trump and GOP Continue Record $24 US Debt- What Happened?
Posted by:
Fu Chui
()
Date: November 12, 2019 01:05PM
Making an American economy grow by removing safety and environmental protections if like spending going on a spending spree with your credit card.