The deficit went up because of increases in entitlement spending.
Repeating the Republican Party line doesn't make it any more true when you say it than when McConnell or Ryan says it.
The CBO said it.
Maybe half comes from that.
Maybe? Is that accounting by you?
A third comes from payment on the national debt.
Did you send a thank you note to Obama’s for raising the National Debt.?
Or were you asleep during his two terms?
Most of the rest of that is from the military - which means, in truth, that closer to 40% comes from the military, at least, because of how much of the national debt comes from the fraudulent war on Iraq and its lingering effects.
Another thank you note is due Obama then for gutting our military. I guess you were also sleeping when Congress, on a bi-partisan vote, increased military spending.
And the tax bill is also a factor, if a less visible one. Corporate tax revenue is down ~25%.
Even more amazing that tax revenues( per the CBO) are up 8 per cent. Thanks for underscoring that fact.
And while you are boasting about the increase in tax revenues, it's maybe ~1.3%. The deficit is up more than 3%.
No, tax revenue is up 8 per cent.
Close examination of the budget suggests the tax cuts slowed the revenue increase, not strengthened it or caused it. Got to remember, growth in the economy was predicted well before the 2016 election!
Uh, try to get a grip. The democrats kept predicting growth in the economy since at least 2010.
And they steadily lost power in Congress AND in the States. With the GOP effort to cut taxes and rollback Obama’s anti-growth policies we now have a forecast of 3 per cent growth AND increased government revenue.
