Tiger Beat on the Potomac (thanks Charlie!) tells us:
The federal deficit under President Donald Trump will top $1 trillion this year, the Congressional Budget Office announced in its annual fiscal outlook on Tuesday.
The gap between the amount of money the federal government spends and how much revenue it brings in is expected to continue to widen, averaging $1.3 trillion every year for the next decade. While the current economy is strong, the independent budget agency said the nation will suffer unless Congress makes “significant changes to tax and spending policies.”
CBO Director Phillip Swagel said “changes in fiscal policy must be made to address the budget situation, because our debt is growing on an unsustainable path.”
Imma old enough to remember when the Republicans were (ALLEGEDLY!) the party of fiscal responsibility.
Anyway, watch this space. The GOP will once again lecture us on how unsustainable their tax cuts were, so therefore the poors must suffer. Look for proposals to cut the safety net, you know, for the good of the country. Eff’ers.
Somewhere, Paul Ryan (the zombie-eyed Granny-starver) has popped wood.