SpokenTruth said:
You have to be careful not to mix up deficits with debt increases. The latter can be conflated by things the president's budget has no control over such as interest rates and the buying/selling of treasuries plus intragovernmental trusts. For example, let's look at FY 2016. Revenue - $3.268 trillion. Deficit - $685 billion. But you are listing a debt increase of $1.423 trillion. That's one of hell of a discrepancy. We have to make sure if we are talking about debt and deficits. They are different. |
And if you want to look at the impact Trump's policies have on the deficit, just look at budget projections from January 2017 vs April 2018. Pretty much across the board we are seeing about a $200-$300 billion increase in the deficit per year (Debt begins to flatten around the end of the decade likely due to some sunset provisions which will place a higher percentage of the tax burden on lower income individuals).
As Numberwang has stated, the economy has been trending above projections GDP-wise, which to some degree has a masking effect. Because of the higher than average GDP, some of the negative pressures on debt have been weakened and we are still seeing things like the CBO revising their budget projections to increase the projected debt...
Last edited by sundin13 - on 31 August 2018
