U.S. Treasury Set to Borrow $1 Trillion for a Second Year to Finance the Deficit

President Bill Clinton & VP Al Gore left office with budget surpluses into the future that REPUBLICANS squandered. 

Where are 'conservative' REPUBLICANS on this issue? [REPUBLICANS passed a TAX SCAM that caused this.] 

CRICKETS! 

Progressive Activists Together

The U.S. government's public debt is now more than $22 trillion — the highest it has ever been. The Treasury Department data comes as tax revenue has fallen and federal spending continues to rise. The new debt level reflects a rise of more than $2 trillion from the day President Trump took office in 2017.

Over the next 10 years, annual federal deficits (when Congress spends more than it takes in through tax revenues) are expected to average $1.2 trillion, which would be 4.4% of gross domestic product. That's far higher than the 2.9% of GDP that has been the average for the past 50 years.

This debt is not sustainable.

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BLOOMBERG.COM

U.S. Treasury Set to Borrow $1 Trillion for a 

Second Year to Finance the Deficit

Study Finds Trump Tax Cuts Failed to Do Anything But Give Rich People Money

Welcome to Trump's America and Occupy Democrats shared a link.

About this website

NYMAG.COM

Study Finds Trump Tax Cuts Failed to Do Anything 

But Give Rich People Money

A congressional paper looks closely and finds no increased growth or investment, just a windfall for business owners.

Welcome to Trump's America

· 

« When assessing these arguments, keep a close eye on the number of Republican officials or conservative policy-makers who revise their position on the Trump tax cuts in light of the data. If their true primary goal was to increase business investment, then the complete failure of a highly expensive program to achieve its stated goal would lead them to question their support. Why not cancel the Trump tax cuts and use the couple trillion dollars in lost revenue to fund a more effective growth-promoting policy?
So far, the number of Republicans reassessing their support for the Trump tax cuts is, give or take, zero. What this suggests is that the alleged growth-incentivizing secondary effects of the plan were rationales, and the primary effect — giving business owners more money — was the hidden main goal all along. »

Occupy Democrats

 

TRUMP'S SHAME: "The study from the Congressional Research Service finds that none of those promised secondary effects have materialized. Growth has not increased above the pre-tax-cut trend. Neither have wages."

Follow Occupy Democrats for more.

LINK

Whack-A-Ding Herman Cain, Corporate Welfare, SNL, IT'S ALWAYS OBAMA'S FAULT!

GOP TAX SCAM...EXPLODING DEBT and DEFICIT from a serial bankruptcy KING....CORPORATE WELFARE....

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NBCNEWS.COM

Twice as many companies paying zero taxes under 

Trump tax bill

IT'S ALWAYS OBAMA'S FAULT!

EPIC meltdown.
25th amendment?

The Raw Story

Trump just had a furious Oval Office meltdown in front of the press. Just...wow.

About this website

RAWSTORY.COM

Trump shouts about Obama in angry Oval Office rant after getting grilled about his family 

separation policy

During an Oval Office interview Tuesday, President Donald Trump claimed it was actually his predecessor who established the unpopular policy of separating migrant families at the border and putting children in “cages.” The president claimed that he isn’t looking to bring back the family separa...

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YAHOO.COM

Trump threatens SNL with federal investigation 

for mocking him

Conservative Clown Car· 

Will face intense Senate confirmation pushback, which he may have exacerbated after labeling the Senate Banking Committee — the same body responsible for vetting his nomination — a 'bunch of yahoos.'"

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NEWSWEEK.COM

God will tell U.S. energy leaders when to quit 

relying on fossil fuels, says Trump Federal 

Reserve pick Herman Cain

Dan Rather | Please Take a Moment to Breathe in Deep

Dan Rather | Please Take a Moment to Breathe in Deep

I Was Locked Away From My Children for 14 Months Because I Couldn't Make Bail
Lavette Mayes, Broadly 



Mayes writes: "After three sleepless nights, dressed only in my nightgown, I heard the number that would change my life forever: $250,000 - my bail. Just like that, my whole world changed. I couldn't move. I could barely breathe. I almost fainted."
READ MORE

CLICK ON LINK FOR MORE!

All the President's Thugs

All the President's Thugs

U.S. President-elect Donald Trump (L) meets with Speaker of the House Paul Ryan (R-WI) (C) and Vice-President elect Mike Pence. (photo: Joshua Roberts/Reuters)

Republicans Now Want to Balance the Federal Budget After Passing $1 Trillion Tax Cut
Rebekah Entralgo, ThinkProgress
Entralgo writes: "Congressional Republicans are planning to push a balanced budget amendment when they return from recess in April. The vote comes directly after many of those same Republicans voted to pass two massively expensive measures, a $1.3 trillion dollar spending bill and a $1 trillion dollar tax cut that primarily benefits the wealthiest Americans."
READ MORE

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