SOURCE: Politico
6-26-18
tags: Social Security, taxes, Medicare, Trump
Read entire article at Politico
comments powered by Disqus
6-26-18
U.S. cruises toward record-breaking debt on Trump's watch
Breaking Newstags: Social Security, taxes, Medicare, Trump
The nation’s fiscal outlook looks ever bleaker, thanks in part to deficit spending during President Donald Trump’s first term, Congress’ nonpartisan budget scorekeeper projected Tuesday.
Within 16 years, the federal deficit is expected to be the largest in history, outpacing even the fiscal shortfalls that followed World War II, according to Congressional Budget Office estimates.
Congress’ recent tax and spending laws — along with ballooning costs of programs like Social Security and Medicare — also are driving up the amount the government pays in interest on money borrowed to make up for the gap in cash coming in and going out.
comments powered by Disqus
News
- Law Prof: If Recent SCOTUS Decisions Relied on Bad History, Opponents Need to Come Up with a Better Version
- How Hitler's Favorite Passion Play Lost its Anti-Semitism
- Fighting Back Against Book Banners
- At CPAC, Trump Presents a Violent Blueprint for Taking Power
- Mario Fiorentini (1918-2022): The Last Surviving Italian Partisan
- Revisiting Lady Rochford and Her Alleged Betrayal of Anne Boleyn
- Walter Russell Mead: Non-Jewish Interest Groups, not "Israel Lobby" Drive Hawkish US Mideast Policy
- The Architecture of the Shopping Mall Shaped by Racism, Surveillance
- The Misuse of History in 2021 Documentary "The Business of Birth Control"
- It's Hard to Be God