GoFuckYourself.com - Adult Webmaster Forum - View Single Post - True tax cut just increased US borrowing 84% for 2018

crockett · 02-04-2018, 06:47 PM

So now we get to see the truth behind the tax cuts. The federal govt will have to borrow $1 trillion dollars to stay open for the 20018 year. The reason? Loss of tax revenue due to the tax cuts..

This will be a 84% increase in borrowing vs 2017...

Thanks Robbie.

The federal government is on track to borrow nearly $1 trillion this fiscal year ? Trump's first full year in charge of the budget.

That's almost double what the government borrowed in fiscal year 2017.

Here are the exact figures: The U.S. Treasury expects to borrow $955 billion this fiscal year, according to a documents released Wednesday. It's the highest amount of borrowing in six years, and a big jump from the $519 billion the federal government borrowed last year

https://www.washingtonpost.com/news/...=.b0d24208e474

Once again, Trump undoes Obama's legacy.. Obama had 6 straight years of reducing the borrowing.. Trump's 1st year in control of the budget he increases borrowing by 84%..

02-04-2018, 06:47 PM
crockett in a van by the river Industry Role: Join Date: May 2003 Posts: 76,806	True tax cut just increased US borrowing 84% for 2018 So now we get to see the truth behind the tax cuts. The federal govt will have to borrow $1 trillion dollars to stay open for the 20018 year. The reason? Loss of tax revenue due to the tax cuts.. This will be a 84% increase in borrowing vs 2017... Thanks Robbie. The federal government is on track to borrow nearly $1 trillion this fiscal year ? Trump's first full year in charge of the budget. That's almost double what the government borrowed in fiscal year 2017. Here are the exact figures: The U.S. Treasury expects to borrow $955 billion this fiscal year, according to a documents released Wednesday. It's the highest amount of borrowing in six years, and a big jump from the $519 billion the federal government borrowed last year https://www.washingtonpost.com/news/...=.b0d24208e474 Once again, Trump undoes Obama's legacy.. Obama had 6 straight years of reducing the borrowing.. Trump's 1st year in control of the budget he increases borrowing by 84%.. __________________ In November, you can vote for America's next president or its first dictator.