Federal Spending Tops $3 Trillion Through May for First Time; Deficit Hits $738 Billion

Discussion in 'Budget & Taxes' started by Bluesguy, Jun 13, 2019.

  1. Bluesguy

    Bluesguy Well-Known Member Donor

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    We have GOT to get SPENDING under control!!! Period, end of story. Compared to this period last year we have had a $50B increase in revenue and yet the deficits are still too high and growing. Corporate income taxes are down but excise taxes, paid mostly by business and reflective of business activity, are up the same amount so that's a wash. It's spending.
    On budget spending is up $20B
    Off budget spending is up $31B

    Here's the numbers.

    [​IMG]
    https://www.cnsnews.com/news/articl...-trillion-through-may-first-time-deficit-hits

    Where do we cut or control future increases and which party is more likely to do so the Republicans or the Democrats.
     
    Last edited: Jun 13, 2019

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