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Breaking News Home | All | Religion | Society | Tech | Choice | SA Newsroom
FRONT PAGE  |  10/22/2019
SUNDAY, APR 8, 2018  |  1 comments
Deficit nears $600 billion in first half of 2018
The federal budget deficit hit $598 billion in the first half of the 2018 fiscal year, according to the Congressional Budget Office, quickly outpacing the deficits of recent years.

At the same point in 2017, the deficit was $78 billion lower. That year, the entire deficit amounted to $666 billion, just 11% higher than the amount the U.S. government had to borrow in the first half of 2018.

The fast-increasing deficit expanded as government outlays grew 2.5 times faster than revenues. On the revenue side, which was up 2 percent over last year, the GOP tax reforms ate into individual tax revenue, and slashed corporate tax revenue by $22 billion, or 22 percent. ...


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News Item4/8/18 1:11 PM
Jim Lincoln | Nebraska  Find all comments by Jim Lincoln
Robert Reich wrote:
....
Three principles once gave the GOP its identity and mission: Shrink the deficit, defend states’ rights, and be tough on Russia.

Now, after a year with the raving man-child who now occupies the White House, the Republican Party has taken a giant U-turn. Budget deficits are dandy, state’s rights are obsolete, and Russian aggression is no big deal.

By embracing a man whose only principles are winning and getting even, the Republican Party no longer stands for anything other than Trump.... [ ]

--[URL=http://tinyurl.com/ybz6wxq6]]]http://tinyurl.com/ybz6wxq6 (How Trump is Destroying the GOP)[/URL]

The rest of the commentary is just as good❗👍

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