Republican Fiscal Hawks Revolt Against Budget Deal, Suspension Of Debt Ceiling
As more details emerged about today's bipartisan Senate budget deal, which will lift spending caps by $300 billion above the current limit and which prompted today's sharp Treasury selloff, it was revealed that the agreement would suspend the federal debt ceiling through March 1, 2019.
This, together with the generous spending terms which are sure to blow out the US budget deficit even more than recent troubling forecasts such as those from Goldman, which recently predicted US debt issuance would more than double, rising from $488bn in 2017 to $1,030 billion in 2018...
Didn't Obama have the worse record on increasing the National debt. Now President Trump was left with his mess. Democrats are still spending taxpayers money as if it grows on trees.
When was the last time that federal budget evenly paced federal revenue?
ReplyDeleteDidn't Obama have the worse record on increasing the National debt. Now President Trump was left with his mess. Democrats are still spending taxpayers money as if it grows on trees.
ReplyDelete