The deficits are going to at best slow our economy, at worst, destroy our economy.
"Deficit balloons to $779 billion in Trump’s second year"
By Jeff Stein October 15, 2018
"America’s budget deficit ballooned to $779 billion in 2018, the federal government said on Monday, as higher spending and stagnating tax revenue pushed the nation’s debt burden higher.
The approximately 17 percent jump in the federal deficit came despite strong growth in the overall U.S. economy, an unusual instance in which the economy and the deficit are expanding at the same time. Typically, strong economic growth translates into lower deficits as the government collects more from taxpayers.
“What’s going on is revenues are not rising when they otherwise would be,” said Marc Goldwein, senior vice president of the Committee for a Responsible Federal Budget. “The economy is growing by 5 to 6 percent, and revenue is basically flat.”"
On top of the deficit, we have an impulsive government shut down!
Trump and his GOP counterparts are cavalier about government workers saving money for a rainy day to survive the shutdown. No one expects a government shut down. A shut down is like an employee deciding his company will not do business today.
Congress MUST stop allowing Government shutdowns. Pass legislation and over-ride vanity, dick measuring, egos, and all Presidential vetoes!
