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Old 02-03-2018, 12:58 PM
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finnbow finnbow is online now
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Join Date: Oct 2009
Location: MoCo, MD
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The U.S. Treasury expects to borrow $955 billion this fiscal year, according to a documents released Wednesday. It's the highest amount of borrowing in six years, and a big jump from the $519 billion the federal government borrowed last year...

In a report this week, the CBO said tax receipts are going to be lower because of the new tax law...

What's particularly jarring is this is the first time borrowing has jumped this much (as a share of GDP) in a non-recession time since Ronald Reagan was president.


https://www.washingtonpost.com/news/...ion-this-year/

So much for the GOP "tax cuts pay for themselves" mantra.
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