Federal deficit hits $134 billion in one month

[left-of-center2012]

The federal deficit reached $134 billion in October, the first month of fiscal 2020, according to data the Treasury Department released Wednesday.

That figure is about 34 percent higher than last October, a sign of a steadily increasing gap between federal spending and revenue.

As a candidate, President Trump had promised to wipe out the nation’s deficit during his time in office, but deficits have only grown since his inauguration.

The deficit has spiked following the GOP tax law and multiple bipartisan agreements to increase spending on defense and domestic programs. The nation's overall debt level surpassed $23 trillion for the first time this month.

https://thehill.com/policy/finance/economy/470314-federal-deficit-hits-134-billion-in-one-month

[bluestarone]

1. They all want to

SINK this country into the abyss!!!

[keithbvadu2]

2. When are you republicans going to do that fiscal responsibility thing that you only preach but refus

When are you republicans going to do that fiscal responsibility thing that you only preach but refuse to practice?

[bdamomma]

3. That seems to

be all but forgotten by them.