PILOT SPIN
Spin Zone => Spin Zone => Topic started by: EppyGA - White Christian Domestic Terrorist on January 29, 2018, 06:07:20 PM
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The U.S. budget deficit is widening on increased spending, just as tax cuts look set to knock the other side of the government’s ledger: revenue.
The U.S. budget gap rose 7 percent to $225 billion in the first quarter of the government’s fiscal year from a year earlier, the Treasury Department reported on Thursday. Spending rose at a slightly higher pace than revenue, increasing 5 percent to $994.5 billion between October and December. Receipts gained 4 percent to $769.5 billion.
At some point the adults have to come to an agreement that spending needs to be cut. The country cannot survive this and increasing taxes won't pay for it either.
https://www.bloomberg.com/news/articles/2018-01-11/u-s-budget-deficit-widening-even-before-tax-cuts-factored-in