Budget Deficit Jumps!

The budget deficit is set to rise significantly more than expected.

Conservatives need to recover their opposition to running budget deficits. While Donald Trump didn’t run as a standard fiscal conservative, he has tried to cut some spending out of the budget. In response, the media howled as if he was torturing children.

The bottom line is that, as these budget deficits accumulate year after year, eventually the piling debt is going to create a fiscal crisis. (By the way, the picture of the debt clock is from 2008.)

The Associated Press reports, “White House: Budget Deficit to Spike to $702B.

Trending: Young Autistic Boy Screams for Help as Bullies Nail Wooden Plank to His Head

The White House said Friday that worsening tax revenues will cause the budget deficit to jump to $702 billion this year. That’s a $99 billion spike from what was predicted less than two months ago.

take our poll - story continues below

Who are the happiest people?

  • Who are the happiest people?  

  • This field is for validation purposes and should be left unchanged.
Completing this poll grants you access to Eagle Rising updates free of charge. You may opt out at anytime. You also agree to this site's Privacy Policy and Terms of Use.

“The rising near-term deficits underscore the critical need to restore fiscal discipline to the nation’s finances,” said White House budget director Mick Mulvaney. “Our nation must make substantial changes to the policies and spending priorities of the previous administration if our citizens are to be safe and prosperous in the future.”

Read the entire Associated Press story.

The views expressed in this opinion article are solely those of their author and are not necessarily either shared or endorsed by EagleRising.com

Join the conversation!

We have no tolerance for comments containing violence, racism, vulgarity, profanity, all caps, or discourteous behavior. Thank you for partnering with us to maintain a courteous and useful public environment where we can engage in reasonable discourse.

Send this to a friend