The Conressional Budget Office (CBO) treated us with some bad, yet expected, news: Another year with a deficit exceeding a Trillion dollars. In their release, the CBO said:
CBO projects a $1.1 trillion federal budget deficit for fiscal year 2012 if current laws remain unchanged. Measured as a share of the nation’s output (gross domestic product, or GDP), that shortfall of 7.0 percent is nearly 2 percentage points below the deficit recorded in 2011, but still higher than any deficit between 1947 and 2008
The U.S. posted $1.3 trillion deficits in each of the past two years after a record $1.4 trillion deficit in fiscal 2009.
—
Schedule Summary: President Donald Trump will travel to Alaska, where he will meet with Russian…
Democratic Texas Rep. Jasmine Crockett demanded at the Martha’s Vineyard African American Film Festival (MVAAFF)…
Washington, D.C., settled out of court with a former Metropolitan Police Department (MPD) sergeant who…
Just weeks after opening Alligator Alcatraz, Republican Florida Gov. Ron DeSantis unveiled plans for a…
Three leaders of an anti-police group protesting President Donald Trump’s crackdown on violent crime in…
The Daily Beast on Wednesday published a story appearing to criticize Republican Florida Gov. Ron…
