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Old 07-16-2019, 02:29 PM   #1
Pete F.
Canceled
 
Join Date: Jun 2003
Location: vt
Posts: 13,069
WH projects $1 trillion deficit for 2019

He beat Obama again!

His next tweet could be NOBODY grows deficits in a booming economy like I do.

The White House projects that the federal deficit will surpass $1 trillion this year, the only time in the nation's history the deficit has exceeded that level, excluding the four-year period following the Great Recession.

"The 2019 deficit has been revised to a projected $1.0 trillion," the White House Office of Management and Budget (OMB) wrote in its midyear review.

As a candidate, President Trump promised to wipe out not only the deficit but the entire federal debt, which has now surpassed $22 trillion.

As usual there's a tweet or two for that...........

Donald J. Trump

Our $17T national debt and $1T yearly budget deficits are a national security risk of the highest order.

11:12 AM - 13 Nov 2012

GDP growth during the four quarters of 2018 was the fastest since 2005. This Administration is the first on record to have experienced economic growth that meets or exceeds its own forecasts in each of its first two years in office. GROWTH is beating MARKET EXPECTATIONS!

9:00 AM - 18 Mar 2019

Frasier: Niles, I’ve just had the most marvelous idea for a website! People will post their opinions, cheeky bon mots, and insights, and others will reply in kind!

Niles: You have met “people”, haven’t you?

Lets Go Darwin
Pete F. is offline