In our opinion: Congratulations, the U.S. debt just passed $22 trillion
Perhaps the most disturbing thing about the recent government shutdown was not whether Congress would agree to the construction of a border wall. It was that neither side made any attempt to stand for austerity.
Not long ago, shutdowns were staged over debt ceilings, sequestrations and fiscal cliffs — all in efforts to force cuts that might bring the nation’s expenses more in line with its revenues.
This one was staged over whether to add an expenditure. The Republican Party, long the vanguard of fiscal conservatism, was silent on the need for prudence.
Meanwhile, economists are noting an historical anomaly. The nation has both a booming economy and a growing annual budget deficit. Usually, deficits fall along with unemployment.
In fiscal year 2019, the federal government is projected to run a deficit of nearly $1 trillion, spending $4.4 trillion while raising only $3.42 trillion.
https://www.deseretnews.com/article...the-us-debt-just-passed-dollar22-trilion.html
Izzy, The problem is your hero Don the Con is an idiot. The nation has both a booming economy and a growing annual budget deficit. Usually, deficits fall along with unemployment.
Perhaps the most disturbing thing about the recent government shutdown was not whether Congress would agree to the construction of a border wall. It was that neither side made any attempt to stand for austerity.
Not long ago, shutdowns were staged over debt ceilings, sequestrations and fiscal cliffs — all in efforts to force cuts that might bring the nation’s expenses more in line with its revenues.
This one was staged over whether to add an expenditure. The Republican Party, long the vanguard of fiscal conservatism, was silent on the need for prudence.
Meanwhile, economists are noting an historical anomaly. The nation has both a booming economy and a growing annual budget deficit. Usually, deficits fall along with unemployment.
In fiscal year 2019, the federal government is projected to run a deficit of nearly $1 trillion, spending $4.4 trillion while raising only $3.42 trillion.
https://www.deseretnews.com/article...the-us-debt-just-passed-dollar22-trilion.html
Izzy, The problem is your hero Don the Con is an idiot. The nation has both a booming economy and a growing annual budget deficit. Usually, deficits fall along with unemployment.
