RIP Philo

Republican government: debt & spending

The U.S. deficit grew by $222 billion from this time last year — reaching a total of $895 billion, according to the nonpartisan Congressional Budget Office.

Why it matters: This increase was due mostly to the new Republican tax law and Congress' routine decision to increase spending, which grew by 7% compared to revenue growth of only 1%. The CBO says the deficit will approach $1 trillion by the end of Fiscal Year 2019.
Permalink Pri 
September 12th, 2018 6:28am
This is a blatant lie.

They moved the accounting dates which nearly doubled the claimed figure.
Permalink Kassidy Zakhar 
September 12th, 2018 7:08am
It’s an accounting trick. Obama Obama’s Obamazzz!


Permalink King George 
September 12th, 2018 7:30am
They moved the dates and so it's a lot less than they are claiming. But it's still fairly large.
Permalink White Rabbit 
September 12th, 2018 8:08am

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