jonny5
DP Veteran
- Joined
- Mar 4, 2012
- Messages
- 27,581
- Reaction score
- 4,664
- Location
- Republic of Florida
- Gender
- Male
- Political Leaning
- Libertarian
https://www.cbo.gov/system/files?file=2018-11/54647-MBR.pdf
-Deficit about 779bn, 100bn more than 2017
-revenue up 10bn (income tax up 100bn, corporate tax down 100bn)
-spending up 150bn (1/5 entitlements, 1/5 defense. 3/5 interest on the debt)
Basically a mixed bag. Good news that people arent paying more taxes, and we're shifting the burden away from business. Bad news that spending keeps increasing, especially on wealth redistribution programs, and worse news that the decades of out of control borrowing is costing us a lot in interest.
Hopefully divided govt will save us by blocking spending increases at it did under Obama and Clinton.
-Deficit about 779bn, 100bn more than 2017
-revenue up 10bn (income tax up 100bn, corporate tax down 100bn)
-spending up 150bn (1/5 entitlements, 1/5 defense. 3/5 interest on the debt)
Basically a mixed bag. Good news that people arent paying more taxes, and we're shifting the burden away from business. Bad news that spending keeps increasing, especially on wealth redistribution programs, and worse news that the decades of out of control borrowing is costing us a lot in interest.
Hopefully divided govt will save us by blocking spending increases at it did under Obama and Clinton.