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You do realize that most of the deficit is due to massive dip in tax receipts during the Great Recession followed by automatic increase in spending triggered by
by dmode 9y ago
You do realize that most of the deficit is due to massive dip in tax receipts during the Great Recession followed by automatic increase in spending triggered by dramatic rise in unemployment rates. Deficit actually was reduced significantly till Obama’s last year. US economy has been growing over the last 6 years and there is no reason for the deficit to explode in the last 2 years. We should have been looking to reduce deficit during good times so that we can respond to the most vulnerable when going gets tough. We all know there is a recession in the horizon. Imagine how crippled US response will be to the next recession