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Thanks tRUMP! National Debt Jumps By $1.2 Trillion
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Petulant Pumpkin Prison Bitch In Chief
2018-10-02 22:33:36 UTC
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National debt jumps $1.2 trillion in fiscal year 2018
October 01, 2018
The national debt rose more than $1.2
trillion in the fiscal year that just
concluded on Sept. 30, according to a
government website that tracks the debt.
The total national debt was $20.245
trillion on the last business day of
fiscal year 2017.
On the last business day of fiscal year
2018, which was Friday, Sept. 28, the
total debt had grown to $21.516 trillion.
Friday was the first day in history the
national debt rose above $21.5 trillion.
Last month, the Congressional Budget
Office said federal borrowing through
the first 11 months of fiscal year 2018
hit $895 billion, $222 billion higher
than the first 11 months of the prior
year.
The budget deficit alone is set to soar
above $1 trillion by 2020, as they did
during President Obama's first term. But
the federal borrowing also takes place
outside its formal budget, including for
various loan programs, and the pace of
growth in the debt has already exceeded
$1 trillion per year at times.
In addition to the $1.2 trillion increase
in the national debt in the last fiscal
year, it took a little more than six
months for the debt to rise from $20
trillion to $21 trillion.
Conservatives in Congress have complained
that spending remains unchecked, which
will lead to only higher deficits in the
years to come. But they could only watch
in February when GOP leaders and President
Trump reached a two-year spending deal
that is set to boost federal spending by
a total of $300 billion in fiscal years
2018 and 2019.
https://www.washingtonexaminer.com/news/national-debt-jumps-1-2-trillion
-in-fiscal-year-2018
Borrow and spend Trump gets the money from the Chinese. He'll only get a
few dollars a week when he's a PRISON BITCH!
Petulant Pumpkin Prison Bitch In Chief
2018-10-06 19:59:43 UTC
Reply
Permalink
National debt jumps $1.2 trillion in fiscal year 2018
October 01, 2018
The national debt rose more than $1.2
trillion in the fiscal year that just
concluded on Sept. 30, according to a
government website that tracks the debt.
The total national debt was $20.245
trillion on the last business day of
fiscal year 2017.
On the last business day of fiscal year
2018, which was Friday, Sept. 28, the
total debt had grown to $21.516 trillion.
Friday was the first day in history the
national debt rose above $21.5 trillion.
Last month, the Congressional Budget
Office said federal borrowing through
the first 11 months of fiscal year 2018
hit $895 billion, $222 billion higher
than the first 11 months of the prior
year.
The budget deficit alone is set to soar
above $1 trillion by 2020, as they did
during President Obama's first term. But
the federal borrowing also takes place
outside its formal budget, including for
various loan programs, and the pace of
growth in the debt has already exceeded
$1 trillion per year at times.
In addition to the $1.2 trillion increase
in the national debt in the last fiscal
year, it took a little more than six
months for the debt to rise from $20
trillion to $21 trillion.
Conservatives in Congress have complained
that spending remains unchecked, which
will lead to only higher deficits in the
years to come. But they could only watch
in February when GOP leaders and President
Trump reached a two-year spending deal
that is set to boost federal spending by
a total of $300 billion in fiscal years
2018 and 2019.
https://www.washingtonexaminer.com/news/national-debt-jumps-1-2-trillion
-in-fiscal-year-2018
Borrow and spend Trump gets the money from the Chinese. He'll only get a
few dollars a week when he's a PRISON BITCH!

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