I did the math. The population of the United States is now 329,450,000. To make up a trillion-dollar deficit, each of us – every man, woman and child – would have to pay $3,035. And that's just the federal deficit. Our national debt is now $22,030,000,000,000!
Under Trump, the deficit has ballooned, exploding a GOP myth
Julian Zelizer, CNN, Aug 24 2019
The Congressional Budget Office has predicted the federal deficit could reach $1 trillion by the 2020 fiscal year. Once again, President Trump has exposed a myth in American politics. That myth? That Republicans are the party of fiscal responsibility. He is just the latest Republican President to demonstrate this. His drive for corporate tax cuts, which received strong Republican support, has blown a huge hole in the federal ledger. Tea Party Republicans once railed against President Barack Obama's spending habits. As the deficit has grown under Trump, however, they've suddenly changed their tune.
As we approach the 2020 election, we will likely hear the familiar refrain from Republicans claiming their party will keep the government's books balanced while "socialist" Democrats will wreak havoc on the nation's financial stability. Republican Presidents have not done a good job keeping the books balanced. If voters are looking for a President who will balance the budget, recent history suggests that a Democratic President might be the better bet.
https://www.cnn.com/2019/08/24/opini...zer/index.html
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