SOURCE: Politico
6-26-18
tags: Social Security, taxes, Medicare, Trump
Read entire article at Politico
comments powered by Disqus
6-26-18
U.S. cruises toward record-breaking debt on Trump's watch
Breaking Newstags: Social Security, taxes, Medicare, Trump
The nation’s fiscal outlook looks ever bleaker, thanks in part to deficit spending during President Donald Trump’s first term, Congress’ nonpartisan budget scorekeeper projected Tuesday.
Within 16 years, the federal deficit is expected to be the largest in history, outpacing even the fiscal shortfalls that followed World War II, according to Congressional Budget Office estimates.
Congress’ recent tax and spending laws — along with ballooning costs of programs like Social Security and Medicare — also are driving up the amount the government pays in interest on money borrowed to make up for the gap in cash coming in and going out.
comments powered by Disqus
News
- Zemmour Acquitted of Holocaust Denial after Crediting Nazi Collaborator with Saving Jews
- Dig Into the History of Baseball's Negro Leagues with a Quiz from the Library of Congress
- How the Government Aided and Abetted the Theft of Black-Owned Farmland
- A Neighborly Civil War in Virginia over Street Names
- Where Americans Agree and Disagree on Teaching Race in School
- What if Mental Illness Isn't All In Your Head?
- Nursing Clio Project Connects Health, Gender and History
- Historian Leslie Reagan on the History of Abortion and Abortion Rights
- Mellon Foundation Event: Chinese American History, Asian American Experiences (May 19)
- Harvard Peabody Museum Returns Sacred Scrolls to White Earth Tribe