Thursday, April 19, 2018

What is our deficit amount?

   The U.S. deficit has long been a concern to legislators and economists as it grows.  The taxpayer should be more concerned, as it leads to recessions. 

  China owns a bigger part of us than most people are happy with, thanks to Trump tax cut for the rich, because we borrow from them. What if they call in their debts?

   In 2017 the deficit was $ 665 billion, but in 2018 the deficit will be $ 804 billion due to the Trump tax cuts to the rich and corporations.

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