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MoBuffs

Joined: 10/1/14 Posts: 724
Likes: 495


The budget deficit in Obama's last year was $665 billion (3.4% of GDP).....


It rose to $779 billion (4% of GDP) last year and I promise you as the economy slows further and the deficit approaches $1 trillion this year, the deficit as a percentage of GDP will be closer to 5%. If the economy really slows down for a protracted time, watch out. The Republican tax legislation, as I'm sure you'll agree with me, has proven to be a huge and expensive missed opportunity. Your guys should have given more tax savings to middle class spenders and not wealthy savers.

(In response to this post by GreatWhiteBuffalo)

Link: Budget deficit by year


Posted: 10/29/2019 at 9:19PM



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