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Federal Deficit

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  • #91
    Originally posted by carpedm9587 View Post
    So, the numbers continue to show that the federal deficit is ballooning. In 2009, the deficit ballooned - but we were in the grips of the worst recession since the Great Depression. Now we are in economic good times. The economy is humming. So can anyone explain why the deficit is ballooning. Could it possibly have anything to do with the Tax Cut plan...? What on earth happened to "fiscal responsibility?
    Federal revenue has not been going down. It has been flatter since 2015.
    https://www.usgovernmentrevenue.com/...ederal_Revenue

    Federal spending has been going up during the same time.
    https://www.usgovernmentspending.com...deral_Spending

    Therefore the increase in deficit is due entirely to increase in spending.
    And the spending increase (since 2015) is almost entirely from these four (in decreasing order): health care, debt interest, Social Security, and military.
    https://www.usgovernmentspending.com...0f10t30t40t90t

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