The U.S. government’s budget deficit is projected to reach $1.02 trillion in 2020, according to a report released Tuesday by the nonpartisan Congressional Budget Office, as the federal government continues to spend much more than it collects in tax revenue.
A combination of the 2017 tax cuts and a surge in new spending has pushed the deficit wider. This year would mark the first time since 2012 that the deficit breached $1 trillion, a threshold that has alarmed some budget experts because deficits typically contract — not expand — during periods of sustained economic growth.
Elderly Trumpists, in particular, are simply burdening future generations out of their support for an ignorant, bigoted authoritarianism. They’ll not have to repair the damage of Trump’s profligacy.
No one ever made America great again by making her indebted again.