Another Massive Budget Deficit to Start 2020
The Trump administration posted another massive budget deficit to start out calendar-year 2020. According to theย latest data released by the U.S. Treasury Department, Uncle Sam spent $32.6 billion more than it took in last month. That compares with an $8.7 billion...
Making Deficits Huge Again
Will massive deficits be the Trump legacy? The campaign rhetoric was all about “making America great again,” but the reality has been making deficits massive again. According to the Congressional Budget Office, the budget deficit will top $1 trillion in...
Trump Administration Runs Obamaesque Budget Deficit Over $1 Trillion in 2019
The Trump administration ran an Obamaesque budget deficit of over $1 trillion in the 2019 calendar year. It was the first budget deficit over $1 trillion in any calendar year since 2012. The budget shortfall from January through December totaled $1.02 trillion,...