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Monday, February 12, 2018

Who knew: I did. We saw it with Reagan and, both Bushes. Sorry America but you get what you vote for

The CBO just confirmed that Trump’s tax cuts are already blowing up the deficit


Remember the days when Republicans were spending and deficit hawks, you know, the way they act whenever they’re not in total control of the White House and Capitol Hill?
This was before they decided to give their ultra-wealthy donors a humongous tax cut and add $1.5 trillion to the U.S. budget deficit.
Now, the Congressional Budget Office is warning that the Treasury Department will probably run out of cash by the middle of March due to the sudden decrease in tax revenue that the new tax law has initiated and that the Congressionally-mandated debt ceiling must be raised before then, according to a report today on The Hill.

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