The 40% increase in the federal deficit this fiscal year is a real problem, since the large tax cuts (part of the Tax Cut and Jobs Act) were not accompanied by a reduction in federal spending.
Tag Archives: federal deficit
Magical Thinking
It’s time for everyone to understand reality.
Why this question keeps coming up is simply amazing to me. But, too many of our politicians- and obviously the American populace- have an unbelievably strong affinity for magic.