Donald Trump’s personal bankruptcy experience applied to the US economy.
Goverment borrows a record amount of money in the first quarter, but tax cuts!
Earlier on Monday the Treasury said net borrowing totaled $488 billion from January through March, a record for that period and about $47 billion more than it had previously estimated, according to a statement released in Washington.
This is the most borrowing since the 2008 Great Recession.
The government had to take extraordinary measures to blunt the effects of the 2008 financial crisis and prop up the economy with huge amounts of spending.
Our deficits were trending down since the financial crisis.
Not anymore under the Trump Republican economy.
We aren’t in a Great Recession, much less a normal recession. Trump Republicans are spending taxpayer dollars like it’s another Trump bankrupted business:
The nonpartisan Congressional Budget Office has issued a dire warning.
Trump Republican deficits will surpass $1 trillion by 2020.
The GOP Tax Scam has exploded our deficit for years to come.
Tax and spending measures approved by Congress and President Donald Trump are expected to push the budget gap to $804 billion in the current fiscal year, from $665 billion in fiscal 2017, and then surpass $1 trillion by 2020, according to the Congressional Budget Office.
The party of fiscal responsibility. That is not only a joke, but so far from the truth.
Trump is bankrupting our country, like he bankrupted his businesses.