The Congressional Budget Office assessed the damage the Republican tax giveaway to the rich is doing to our national debt and found the GOP is on course to deliver, according to Axios. Instead of hitting that $1 trillion deficit by 2020, the nation will be approaching it by year's end! the end of Fiscal Year 2019, about a year from now.
The U.S. deficit grew $222 billion in just one year alone—reaching a total of $895 billion, thanks mostly to the Republican tax gift to America's wealthiest one percent. Republicans, led by GOP Speaker Paul Ryan, are now responsible for one quarter of the overall U.S. deficit, IN JUST ONE YEAR’s time. That's what happens when you only increase government revenues by 1 percent while increasing spending by 7 percent. Hey, here’s a thought ...
Let’s give the GOP what they deserve—the boot! Can you give $3 right now to ensure sanity is restored to the House through Democratic control?
Wednesday, Sep 12, 2018 · 3:55:42 PM +00:00
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Kerry Eleveld
Editor’s Note: This post has been edited to correct the assertion that the deficit would reach $1 trillion by the end of 2018. That’s what Axios originally reported, but the outlet has updated its post to reflect the CBO estimate of a $1 trillion deficit by the end of FY2019.