https://www.record-courier.com/news/20191014/deficit-has-gotten-worse-this-shouldnt-be-surpriseMeanwhile, federal spending has grown. A lot. And not just on the growing legions of elderly Americans; defense and other areas of discretionary spending have also shot up under Trump’s presidency. So have interest payments on the debt, even as interest rates have fallen.
There’s nary a peep about any of these trends from politicians of either party. And don’t expect one anytime soon – at least not until there’s a Democrat back in the White House, when we can expect all those Republican fiscal hawks to abruptly fly back home.
Catherine Rampell is a columnist with the Washington Post Writers Group. Her email address is
[email protected]. Follow her on Twitter,
@crampell.
Comments
Pretty much, yeah. Nothing to see here, it's insanity-as-usual here in DC.
https://www.record-courier.com/news/20191014/deficit-has-gotten-worse-this-shouldnt-be-surprise
Gary, maybe having the link answers your concerns.
https://pbs.twimg.com/media/EHzV6qwW4AAesRr?format=png&name=small
The farmer's bailout due to tariff war also contributed to the deficit - only $28B.
https://bloomberg.com/news/articles/2019-09-19/farmers-say-trump-s-28-billion-bailout-isn-t-a-solution
Chile and Argentina are the second source and have the capacities for years to come.
Regards,
Ted