Quote:
Originally Posted by Pete F.
Sure, everything is ok. Revenue increased less than inflation and far less than spending increases passed by Congress and signed by Floridaman
1. Our National Debt is High and Rising
2. Debt Could Reach Record Levels by 2030
3. Spending is Above Its 50-Year Average While Revenue is Below
4. Legislation signed into law by President Trump will add $4.1 trillion to the debt between 2017 and 2029. The single-largest contributor was the Tax Cuts and Jobs Act, which is projected to cost $1.8 trillion through 2029 and could easily cost more if lawmakers extend the individual income tax provisions set to expire at the end of 2025.
5. Fiscal Irresponsibility Will Double Budget Deficits
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Congress is obviously not doing its job.