Federal government posts widest deficit since 2012

[Yo_Mama_Been_Loggin]

The U.S. federal government closed the 2018 fiscal year $779 billion in the red as tax cuts hit revenues and the government paid more to service a growing national debt, according to Treasury Department data released on Monday.

The deficit for the fiscal year - or the 12 months through September - was the largest since 2012.

The data also showed a $119 billion budget surplus in September, which was larger than expected and a record for the month. A senior Treasury official said the monthly surplus was smaller when adjusted for calendar shifts.

Economists generally view the corporate and individual tax cuts passed by the Trump administration late last year and an increase in government spending agreed in early February as likely to balloon the nation's deficit.

https://www.msn.com/en-us/money/markets/federal-government-posts-widest-deficit-since-2012/ar-BBOqFuI?li=BBnbfcN

[Freethinker65]

1. So much winning. Now for those Social Security and Medicare cuts

[Achilleaze]

2. "This is totally our stupid, greedy fault." - republicans*

* under the epic misleadership of Dirty Donny, the republican Draft-Dodger-in-Chief

[Mendocino]

3. Hey orange mushroom

hows that taxxy cutty thing working out for ya?