03-05-2019, 01:46 PM
|
 |
Reformed Know-Nothing
|
|
Join Date: Oct 2009
Location: MoCo, MD
Posts: 25,907
|
|
The federal budget deficit ballooned rapidly in the first four months of the fiscal year amid falling tax revenue and higher spending, the Treasury Department said Tuesday, posing a new challenge for the White House and Congress and they prepare for a number of budget battles.
The deficit grew 77 percent in the first four months of fiscal year 2019 compared with the same period one year before, Treasury said.
The total deficit for the four month period was $310 billion, Treasury said, up from $176 billion for the same period one year earlier.
https://www.washingtonpost.com/busin...5e6_story.html
This was totally predictable (and predicted) for those smart enough to realize that supply-side economics is a failed model.
__________________
As long as the roots are not severed, all will be well in the garden.
|