the Treasury Department drop a financial bomb: the deficit for fiscal year 2023 was $1.7 trillion, growing 23 percent in a single year as the Treasury used $879 billion just to service the federal debt. But Bidenomics means the worst is yet to come, and multi-trillion-dollar deficits are the new normal.
Well Trump did say he was going to eliminate the debt, not the deficit mind you but the entire debt. Then he went ahead and added to the debt. But hey maybe this time he will do it.
You would think deficits are something new reading this thread. Both parties have been running up the tab for decades now - and both parties only care about deficits when they’re not in power.
The budget cannot be balanced without come combination of
cutting so-called “mandatory” programs &
increasing revenues
Congress could
eliminate the entire defense department,
eliminate every road project, & bridge project,
eliminate every subsidy to Joe Biden’s solar friends, &
eliminate all education spending including student loans,
and we STILL would not balance the budget
I was told by a member of this very forum today…that Biden has lowered deficit spending. Since he hasn’t posted in this thread I can’t call him out.
Lets put this into perspective…Trump highest deficit not counting covid spending was just under a trillion dollars. Biden deficit after Covid is 1.3 trillion last year to 1.7 trillion this year.
But libs here will make it Trump fault…right libs?