The nation’s fiscal outlook looks ever bleaker, thanks in part to deficit spending during President Donald Trump’s first term, Congress’ nonpartisan budget scorekeeper projected Tuesday.
Within 16 years, the federal deficit is expected to be the largest in history, outpacing even the fiscal shortfalls that followed World War II, according to Congressional Budget Office estimates.
Debt is projected to reach 78 percent of gross domestic product by the end of this year — the highest level since about 1950.
At this rate, that debt would actually exceed the size of the economy within a decade, breaking the historic record of 106 percent by 2034.
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Lol, There are about as many Republicans that are fiscal conservatives out in the wild as there are Yeti.