5 ms·
Raising revenues after adding 3T to the deficit? Lol.
by conception 1y ago
Raising revenues after adding 3T to the deficit? Lol.
- nis0s 1y agoI am not sure where you’re getting that figure, but the total is 2T, which is primarily due to interest rates and social welfare spending. https://bipartisanpolicy.org/report/deficit-tracker/ https://bipartisanpolicy.org/report/deficit-tracker/ If you look at the previous years when Trump hadn’t enacted his agenda, then the difference between current deficit levels seems primarily due to interest rates.
- conception 1y agoMisspoke - debt not deficit.
- conception 1y agoAlso to correct you, it’s actually due to Republican tax cuts. America’s had a balanced budget before even a budget surplus not so long ago.